Which of the Following Would Be an Example of a Countertrade

question 75

Multiple Choice

Which of the following would be an example of a countertrade?

• A) a country exchanging its agricultural exports for oil from another country
• B) a country selling its electronic products through a retail chain in another country
• C) a country pledging some of its gold deposits as security for obtaining a loan from a financial institution
• D) a country buying food reserves from another country

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Definitions:

Mortgage Interest

The amount charged for borrowing money to purchase property, which can often be deducted from income taxes under certain conditions.

Royalties

Payments made to a rights holder, such as an author, artist, or patentee, for the use of their original work or invention.

Patents

Legal rights granted to inventors that give them exclusive rights to use, make, and sell their invention for a certain period of time.

Songs

Musical compositions that are sung or played by voices or instruments.