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Countertrade Involves the Linking of an Import and an Export

question 19

Essay

Countertrade involves the linking of an import and an export transaction in a conditional manner. Discuss the drivers of countertrade and outline the various forms it can follow.


Definitions:

Mean

The average value in a set of numbers, calculated by adding all the numbers together and dividing by the count of the numbers.

Median

The median represents the value that occupies the central position in a dataset once it’s arranged sequentially from lowest to highest or the opposite way.

Quotient

The result obtained when one number is divided by another.

Rounded

The process of approximating a number to a specified degree of precision, often to make it simpler to handle or understand.

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