Which of the Following Countertrade Definitions Is False

question 62

Multiple Choice

Which of the following countertrade definitions is false?

• A) Rescindable: A clause in the countertrade agreement that enables either party to cancel the contract without notice
• B) Barter: Goods are exchanged for other goods with no money involved
• C) Offset: The value of the sale is offset by purchases of items produced in the buying country
• D) Counterpurchase: Unrelated goods are exchanged
• E) Buy-Back/Compensation: Agreement by the seller of turnkey plants, machinery, or other capital equipment to accept as partial or full payment products produced in the plants and/ or on the capital equipment