Prelim Examination in International Business and Trade

It is an act of trading goods or services between two or more parties without the use of money (or a monetary medium, such as a credit card).

Involves a direct trade/exchange of goods and services. People exchange their goods or services for other goods or services other people have in return.

It is a medium of exchange with a recognized value that was adopted to make it easier for people to trade products and services with each other.

The filipino term "barya", referring to small change, had its origin in ___________.

The concept of exchanging goods and services between two people or entities.

The concept of this exchange between people or entities in two different countries.

This means purchasing of goods or availing services from another country.

This means the sale of goods outside the territory of a country.

The goods are imported from one country to export to another country.

This refers to trade between two countries of goods produced in the same industry.