Which of the following statements is true of countertrade?
A) Countertrade is practiced by countries when there is a lack of hard currency.
B) Countertrade involves products whose prices on world markets tend to remain steady.
C) Countertrade usually involves industrial products and computer softwares.
D) Hedging risk in countertrade is prohibited.

Question

Quizplus · Accepted Answer

Countertrade is practiced by countries when there is a lack of hard currency, thus making it a means to facilitate international trade when traditional payment methods may not be available.

Which of the Following Statements Is True of Countertrade