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Global Financing

Global Financing and Exchange Rate Mechanisms Paper
Counter-trade
Counter-trading is defined as the exchanging of goods or services that are already paid for, in whole or part, with other goods or services. (Wikipedia [W], 2007) Another way that you could think about counter-trading is by thinking about bartering. Bartering is very much like counter-trading as you are trading services or goods for the same in return. Speaking of bartering, that is actually one of the five main variants of counter-trading. The others are switch-trading, Counter-purchase, Buyback, and offset.
Bartering is defined as any type of trade that doesn't use any medium of exchange, in which goods or services are exchanged for other goods and/or services. It can be bilateral or multilateral as trade. (Wikipedia [W], 2007) Bartering is most commonly used in societies where there is no system of money available. It can also be used where financial times are very tough in certain areas there is not a lot of......


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Approximate Word Count: 660
Approximate Pages: 3 (250 words per double-spaced page)

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