When conventional means of payment are difficult,costly,or nonexistent,a firm is more likely to use:
A)a letter of credit.
B)a time draft.
C)countertrade.
D)a sight draft.

Question

Quizplus · Accepted Answer

Countertrade is often used when conventional means of payment are difficult, costly, or nonexistent, as it involves the exchange of goods or services instead of money.

When Conventional Means of Payment Are Difficult,costly,or Nonexistent,a Firm Is