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GCE Commerce 1989 Question 82

Question 82

Foreign Trade

Exchange in the international market which does not involve the use of money as a medium is known as

  1. A.foreign aid
  2. B.counter trade
  3. C.monetization
  4. D.foreign trade
  5. E.entrepot trade
Show the answer and explanation

Answer: B (counter trade)

Explanation

Counter trade is international barter: goods are exchanged for goods without money.