A firm concludes a counterpurchase agreement with a foreign country for which it receives some counterpurchase credits for purchasing its goods
The firm does not want any foreign goods, however, so it sells the credits to a third-party trading house at a discount. The trading house finds a firm that can use the credits and sells them at a profit. This is an example of:
A. barter.
B. switch trading.
C. an offset.
D. a buyback.
E. compensation.
B
Business
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