Utme 2025 Commerce Question 24

Practice objective / multiple choice question 24 from the 2025 Utme Commerce examination. This question covers International Trade .

Utme 2025 Commerce Objective / Multiple Choice 2 Difficulty
Topic: International Trade
Question 24 UTME • 2025 • COMMERCE • objective

In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as

Answer Options

Correct Answer A. countertrade
B. balance of trade
C. balance of payments
D. terms of trade
Correct Answer
A
Correct Option:
countertrade

About This Question

This is Utme 2025 Commerce Question 24. It is one of the objective questions from the 2025 Utme Commerce examination.

The question covers International Trade .

Difficulty level: 2 .

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