The type of trading in which buyers and sellers exchange goods in place of payments is classified as _______?
Correct answer: C. countertrade
- A. ascending trade
- B. sealed trade
- C. countertrade
- D. descending tradePrice Comparisons
Explanation
Countertrade involves exchanging goods or services for other goods or services instead of settling entirely in money. Barter is the simplest form of countertrade.
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