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GCE Commerce 1990 Question 13

Question 13

Introduction to Commerce

The exchange of goods for other goods in home trade is known as

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

Answer: C (barter trade)

Explanation

Exchanging goods directly for goods without money is barter; counter trade is the international form.