Idle Time Gaming,Inc.needed silicon wafers that it knew could be mass produced efficiently by Silicon City,Inc. ,a start-up firm in India.The Indian company needed MSG (metallurgical grade silicon)in order to make the wafers which it knew it could get from a Chinese firm.The Chinese firm (mostly owned by the Chinese government)agreed to supply the silicon to the Indian company if it could get a certain quantity of gaming hardware from Idle Time.This beneficial exchange is described as countertrading.
Countertrading is the exchange of goods and services,without the exchange of currency.It is a form of bartering.

Question

Quizplus · Accepted Answer

Countertrading involves the exchange of goods and services without currency exchange, which is a form of bartering.