It was recently announced that Russia wants to buy 80,000 tonnes of natural rubber and an amount of rice,while Thailand is interested in purchasing Russian-made helicopters to be used in fighting bushfires.No cash is expected to be utilized - just the exchange of goods.A working group from both countries will discuss details of the deal,such as the exact amount of products involved.This is an example of _________.

Question

Quizplus · Accepted Answer

This is an example of countertrade, which involves the exchange of goods or services instead of using cash. Both Russia and Thailand are trading goods they need, without the use of cash.

It Was Recently Announced That Russia Wants to Buy 80,000