Businesses set up special columns for every account in the combination journal

Michael's company would like to sell its products to a company in Nicaragua, but it fears that the company will not pay for the products in a timely manner. Instead of asking for cash, Michael's company decides to ask for a shipment of coffee and tobacco products in exchange for their products. What type of countertrade is Michael's company using?

a) offset b) switch trading c) barter d) counterpurchase

The purpose of the Intermarket Trading System is to link major exchanges and dealer markets to

A) eliminate competition between brokers and dealers. B) allow brokers and dealers to make transactions at the best price. C) allow individual to compare the prices offered by various dealers and brokers. D) allow individual investors to traded directly with each other.