Which of the following is the exchange of goods and services directly for other goods and services without the use of money?
A)Offset
B)Counterpurchase
C)Barter
D)Switch trading

Question

Quizplus · Accepted Answer

Barter is the exchange of goods and services directly for other goods and services without the use of money. Offset refers to a type of countertrade where part of the payment is made in goods or services, and the rest of the payment is made in cash. Counterpurchase refers to a type of countertrade where the seller agrees to purchase goods or services from the buyer as part of the original sales agreement. Switch trading refers to a type of intercompany trade where two companies from different countries agree to purchase each other's products to offset a financial debt.

Which of the Following Is the Exchange of Goods and Services