Firms use countertrade to trade goods and services for other goods and services when they cannot be traded for money.

Question

Quizplus · Accepted Answer

Countertrade is used as an alternative to traditional monetary transactions when a lack of hard currency or other limitations prevent regular trade. Instead of exchanging currency, firms agree to trade goods or services of equal value, and this type of trade is known as countertrade.

Firms Use Countertrade to Trade Goods and Services for Other