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Question
Which of the following is true of countertrade?
A. The governments of developing nations sometimes insist on a certain amount of countertrade.
B. Countertrade is a means of structuring an international sale when conventional means of payment are cost-effective.
C. Nonconvertibility is an advantage for exporters.
D. Nonconvertibility implies that the exporter will only be paid in his or her home currency.
E. Most exporters desire payment in a currency that is not convertible.
Answer
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