WAEC Commerce 2018 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
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Exchange of goods in international market which does not involve the use of money is
- A. barter trade
- B. entrepot trade
- C. counter tradeCorrect
- D. bilateral trade
Explanation
Counter trade is the international exchange of goods for other goods (a modern form of barter) without the direct use of money.
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