Which of the following is true of countertrade? A. The governments of

QUESTION

Which of the following is true of countertrade?

A. The governments of developing nations sometimes insist on a certain amount of countertrade.

B. Countertrade is a means of structuring an international sale when conventional means of payment are cost-effective.

C. Nonconvertibility is an advantage for exporters.

D. Nonconvertibility implies that the exporter will be paid only in his or her home currency.

E. Most exporters desire payment in a currency that is not convertible.

ANSWER

A