Which of the following types of agreements allows a country to earn back some of the currency it pays out for imports?
A)Switch trading
B)Counterpurchase
C)Buyback
D)Barter

Question

Quizplus · Accepted Answer

Counterpurchase agreements allow a country to earn back some of the currency it pays out for imports by requiring the exporting country to purchase goods or services from the importing country in return. Switch trading involves a third party swapping goods or services between two countries, buyback involves a company from one country providing technology or equipment to another country in exchange for goods or services, and barter involves the direct exchange of goods or services without the use of currency. None of them specifically address the issue of earning back currency on imports.

Which of the Following Types of Agreements Allows a Country