Question

If the currency exchange rate is not conducive for business, a US-based company may decide to exchange goods for goods rather than goods for money. This is known as _____.

Answer 1

Answer: The answer is "Trade by barter"

Step-by-step explanation:

Trade by barter is one of the ancient transaction means which is still in practice. If the currency exchange of the firms of the two countries does not favour the firms, they may decide to exchange goods for other goods.

The advantage of this trading model is that it has no currency exchange rate limitations. It also makes goods to be readily available.

So, if the currency rate of a US-based company does not favour the company, he may decide to exchange goods for goods in the process known as trade by barter.