Daimler AG agreed to sell 30 trucks to Romania and accept in exchange 150 Romanian-made Jeeps,which it sold in Ecuador in exchange for bananas,which it brought back to Germany and sold to a German supermarket chain in exchange for cash.This complex transaction is an example of (a)
A)competitive advantage.
B)balance of trade.
C)quota.
D)trade feedback.
E)countertrade.

Question

Quizplus · Accepted Answer

This complex transaction involving the exchange of goods without the use of currency is an example of countertrade.

Daimler AG Agreed to Sell 30 Trucks to Romania and Accept