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DSST Business Law II Exam Prep

Category - DSST Business Law II

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The use of barter rather than money in making international sales is referred to as:
  1. Tariff-free trade
  2. Free exchange
  3. Offset
  4. Countertrade
  5. Trade-in-kind
Explanation
Answer: D. The use of barter rather than money in making international sales is referred to as counter trade. Countertrade occurs when goods and services are exchanged not for cash, but for other goods or services. A benefit is ease of entry into a market that would otherwise be difficult or impossible to enter.
Category: Legal Environment
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