Countries might be forced to use countertrade when a currency is
A)externally convertible.
B)internally convertible.
C)nonconvertible.
D)freely convertible.

Question

Quizplus · Accepted Answer

Nonconvertibility implies that the exporter may not be paid in his or her home currency;and few exporters would desire payment in a currency that is not convertible.Countertrade is a common solution.

Countries Might Be Forced to Use Countertrade When a Currency