Countertrade Is an Alternative Means of Structuring an International Sale

question 77

True/False

Countertrade is an alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent.

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Definitions:

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, that grants citizenship to all persons born or naturalized in the United States, including former slaves, and provides all citizens with “equal protection under the laws.”

African Descent

Refers to individuals and populations who originate from the continent of Africa, recognizing a shared heritage, culture, and ancestry.

Citizenship

The status of being a legally recognized subject or national of a state, with associated rights and obligations.

Latin America

A region of the Americas characterized by countries that speak Romance languages, primarily Spanish and Portuguese, along with cultural and historical commonalities.