WAEC - Commerce (1989 - No. 75)
Exchange in the international market which does not involve the use of money as a medium is known as?
foreign aid
counter trade
monetization
foreign trade
enterpot trade
Paskaidrojums
Countertrade is a form of international trade where goods and services are traded directly for other goods and services, without the use of cash. This can encompass barter agreements and various arrangements in which payment is made through products instead of money.