Suppose the United States exports automobiles to Saudi Arabia and agrees to import a corresponding value of oil from Saudi Arabia.This is an example of

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This is an example of countertrade, where two countries agree to trade goods and services of equal value instead of using currency. In this case, the United States exports automobiles to Saudi Arabia and agrees to import a corresponding value of oil from Saudi Arabia. This helps both countries to avoid using currency exchange rates and promotes trade between them.

Suppose the United States Exports Automobiles to Saudi Arabia and Agrees