Answer (B) is correct . Countertrade at its simplest is barter -- the exchange of goods or services for other goods or services rather than merely for cash.
Answer (A) is incorrect because Forfaiting is a form of factoring. It involves the sale by exporters of large, medium- to long-term receivables to buyers (forfaiters) who are willing and able to bear the costs and risks of credit and collections.
Answer (C) is incorrect because Cross-border factoring is a method of consummating a transaction by a network of factors across borders. The exporter’s factor contacts correspondent factors in other countries to assist in the collection of accounts receivable.
Answer (D) is incorrect because In a consignment, the seller-exporter delivers (consigns) goods to the importer-consignee for sale to third parties. The consignee pays the consignor only when goods are sold.
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