Nance Technologies, Inc, has agreed to sell some of its computers to a company in Bascovina, a country whose currency is worthless outside its own borders
As part of the agreement, Nance will sell the foreign customer its computers in exchange for a specified number of tons of coffee, a major export of Bascovina. Nance has already arranged to sell the coffee to a major processor for a set price in U.S. dollars. Nance has engaged in ________.
A) bartering
B) foreign licensing
C) exporting
D) countertrading
A
Business
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An important function of the World Trade Organization is to lower trade barriers
Indicate whether the statement is true or false
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