Multiple Choice
A firm concludes a counterpurchase agreement with a foreign country for which it receives some counterpurchase credits for purchasing its goods.The firm does not want any foreign goods,however,so it sells the credits to a third-party trading house at a discount.The trading house finds a firm that can use the credits and sells them at a profit.This is an example of
A) barter.
B) switch trading.
C) an offset.
D) a buyback.
E) compensation.
Correct Answer:
Verified
Correct Answer:
Verified
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