International trade does not always involve cash. Sometimes companies accept all or part of the payment for goods or services in the form of other goods or services. What is this known as?
A)export trading
B)underground economy
C)countertrade
D)domestic barter

Question

Quizplus · Accepted Answer

This is known as countertrade, where companies exchange goods and services instead of using cash for payments. Countertrade can take various forms such as barter, offset, buyback, and switch trading.

International Trade Does Not Always Involve Cash