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Author Question: Company X sold its products to Company Z in September. Company X will be compensated with Company ... (Read 556 times)

sheilaspns

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on: Jul 7, 2018
Company X sold its products to Company Z in September. Company X will be compensated with Company Z's products in December. Which term best describes this transaction?
 
  A) offset purchase
  B) parallel switch
  C) counterpurchase
  D) clearinghouse accounts

Question 2

Which of the following is a form of asset included in the official reserves account?
 
  A) government bonds
  B) inconvertible currencies
  C) special drawing rights
  D) reserve positions at the WTO
International Business: A Managerial Perspective ¦ Griffin, Pustay ¦ 9th Edition
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qytan

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Reply #1 on: Jul 7, 2018
Answer to Question 1

C

Answer to Question 2

C


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