If Azerbaijan imported wheat from Romania in exchange for crude oil, and Vietnam exchanged rice for Philippine fertilizer and coconuts then these scenarios would be examples of ________.
A) cash transaction
B) compensation
C) buyback
D) blocked currency
E) barter

Question

Quizplus · Accepted Answer

These scenarios are examples of barter, where goods are exchanged directly without the use of money. Azerbaijan exchanges wheat for crude oil, and Vietnam exchanges rice for fertilizer and coconuts, without any monetary transaction taking place.

If Azerbaijan Imported Wheat from Romania in Exchange for Crude