Consolidated Petroleum negotiated a deal with Saudi Arabia in which Consolidated Petroleum would build several refineries in Saudi Arabia and receive oil as partial payment over a 20-year period. This is an example of A) switch trading. B) a buyback. C) a counterpurchase. D) an offset. E) barter.

Consolidated Petroleum negotiated a deal with Saudi Arabia in which Consolidated Petroleum would build several refineries in Saudi Arabia and receive oil as partial payment over a 20-year period. This is an example of A) switch trading. B) a buyback. C) a counterpurchase. D) an offset. E) barter.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter18: Money And The Federal Reserve System

Section: Chapter Questions

Problem 5SQ

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Question

Consolidated Petroleum negotiated a deal with Saudi Arabia in which Consolidated Petroleum would build several refineries in Saudi Arabia and receive oil as partial payment over a 20-year period. This is an example of

		A) switch trading.
		B) a buyback.
		C) a counterpurchase.
		D) an offset.
		E) barter.

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