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WAEC Commerce 2018 Question 18

Question 18

Foreign Trade

Exchange of goods in international market which does not involve the use of money is

  1. A.barter trade.
  2. B.entrepot trade.
  3. C.counter trade.
  4. D.bilateral trade.
Show the answer and explanation

Answer: C (counter trade.)

Explanation

Counter trade is international trade in which goods are exchanged for goods instead of money.