The Malaysian government exchanged 20,000 tonnes of rice for an equivalent amount of Philippine corn.This international exchange is an example of:

Question

Quizplus · Accepted Answer

The exchange of rice for corn between Malaysia and the Philippines is an example of countertrade, which involves the exchange of goods or services for other goods or services, rather than using money as a medium of exchange. In this case, Malaysia and the Philippines agreed to exchange 20,000 tonnes of rice for an equivalent amount of corn, which helped both countries meet their food and agricultural needs without resorting to traditional currency exchange.

The Malaysian Government Exchanged 20,000 Tonnes of Rice for an Equivalent