Saudi Arabia agreed to buy ten 747 jets from Boeing with payment in crude oil,discounted at 10 percent below posted world oil prices.This is an example of:
A) a letter of credit.
B) a time draft.
C) countertrade.
D) buyback.
Correct Answer:
Verified
Q64: A range of barter-like agreements by which
Q104: The Foreign Credit Insurance Association (FCIA)is an
Q105: _ is an alternative means of structuring
Q106: The direct exchange of goods and/or services
Q107: Which of the following is true about
Q108: The principle of a _ is to
Q110: Which type of countertrade is the simplest
Q111: When do firms engage in countertrade?
A)When the
Q112: The most restrictive countertrade arrangement is:
A)counterpurchase.
B)offset.
C)barter.
D)switch trading.
Q114: Countries might be forced to use countertrade
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