Countertrade in an International Transaction Is

question 61

Multiple Choice

Countertrade in an international transaction is:

• A)passing the risk associated with changes in exchange rates to another.
• B)the practice of accepting locally produced merchandise in lieu of money as payment for goods and services.
• C)a market in which parties agree to exchange a fixed amount of one currency for a fixed amount of a second currency.
• D)transferring purchasing power from those who normally deal in one currency to those who generally do business in another.

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Definitions:

Organizational Psychology

A field of study concerned with understanding and improving the behavior of individuals and groups within organizational settings.

Human Factors

An interdisciplinary field that focuses on understanding how humans interact with systems and products to improve safety, efficiency, and usability.

Human Factors Psychology

A field of psychology focusing on how people interact with products, systems, and environments to improve safety, performance, and satisfaction.

GRE

A standardized test used as a part of the admissions process for many graduate schools in the United States and other countries.