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marissa [1.9K]
3 years ago
5

Global Petroleum negotiated a deal with Saudi Arabia in which Global Petroleum would build several refineries in Saudi Arabia an

d receive oil as partial payment over a 20-year period. This is an example of
Business
1 answer:
Lostsunrise [7]3 years ago
7 0

Considering the situation described above, when Global Petroleum negotiated a deal with Saudi Arabia, this is an example of <u>Bartering</u>.

<h3>What is a Bartering?</h3>

Bartering is a transaction agreement whereby both parties agree to pay with goods or services without using money.

Therefore, in this situation, when Global Petroleum negotiated with Saudi Arabia to receive oil as partial payment over 20 years. This is an example of <u>Bartering</u>.

Hence, in this case, it is concluded that the correct answer is <u>Bartering</u>.

Learn more about <u>Bartering</u> here: brainly.com/question/1462751

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To find the IRR using a financial calculator:

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