If an Canadian grain company exported corn to Russia,and instead of receiving nonconvertible Russian currency in exchange for the corn received Russian crude oil,that would be an example of ______________.

Question

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Countertrade is a form of international trade in which goods or services are exchanged for other goods or services, rather than for money. In this case, the Canadian grain company exported corn to Russia and received Russian crude oil in exchange, which is an example of countertrade.

If an Canadian Grain Company Exported Corn to Russia,and Instead