JAMB - Commerce (2025 - No. 11)
The exchange of goods for goods in foreign trade is known as?
Smuggling
Visible trade
Entreport trade
Counter trade
Uitleg
Counter trade refers to the exchange of goods or services which are paid for, in whole or part, with other goods or services, rather
than with money. In the context of foreign trade, this would involve the exchange of goods for goods between different countries.
than with money. In the context of foreign trade, this would involve the exchange of goods for goods between different countries.