Countertrade: Definition, Types & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is the best explanation of countertrade?

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1. Your foreign country exchanges its surplus wheat for copper. What type of countertrade is it utilizing?

2. Your company obtains a foreign country's approval of an agreement to sell three jumbo jets in the foreign country so long as it uses electronic components purchased in the foreign country in the construction of the jets. What form of countertrade is this?

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About This Quiz & Worksheet

Countertrade is a key method of international trade, and this quiz/worksheet will help you test your understanding of its definition and various forms.

Quiz & Worksheet Goals

In these assessments you'll be tested on:

  • Countertrade
  • Country exchanges its surplus wheat for copper
  • Copper exchanges

Skills Practiced

This quiz and worksheet allows students to test the following skills:

  • Distinguishing differences - compare and contrast examples of different forms of countertrade
  • Making connections - use understanding of the concept of countertrade as it applies to different situations
  • Defining key concepts - ensure that you can accurately describe countertrade

Additional Learning

To learn more about countertrade, review the accompanying lesson Countertrade: Definition, Types & Examples. This lesson covers the following objectives:

  • Define countertrade
  • Define foreign exchange controls and understand how they apply to countertrade
  • Understand the direct offset form of countertrade
  • Understand the switch trade form of countertrade
  • Understand the indirect offset form of countertrade
  • Understand the barter form of countertrade
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