Companies can deal with the problem of nonconvertibility of currency by engaging in

Question

Quizplus · Accepted Answer

Countertrade allows companies to trade goods and services without using cash, thereby avoiding the problem of nonconvertibility of currency. Countertrade involves bartering goods or services, or exchanging goods or services for other goods or services. This approach can be useful in countries where currency is not freely convertible. Price discrimination, arbitrage, and price skimming involve pricing strategies, while currency speculation involves taking a position on the future value of a currency, and none of these strategies directly address the problem of nonconvertibility of currency.

Companies Can Deal with the Problem of Nonconvertibility of Currency