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  • A form of countertrade in which goods having comparable values are exchanged under a single contract, within a specified period of time, and without any flow of money taking place. The U.S. government ran a barter program from 1950 to 1973, exchanging surplus agricultural commodities for strategic materials and for goods and services it otherwise would have purchased. In addition, barter agreements between the United States and Jamaica were signed in 1982 and 1983.
  • To trade by exchanging goods or services without using money.

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