ECONOMICS
TECHNOLOGY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
WHY does international trade require a system for exchanging currency?
|
|
Countries around the world use different forms of currency
|
|
|
To build better relationships between countries
|
|
|
To increase the quality of goods
|
|
|
International trade does NOT need an exchange system
|
Explanation:
Detailed explanation-1: -Because every country does not use the same type of money, international trade requires a system for exchanging currencies between nations. Money from one country must be converted into the currency of another country to pay for goods in that country.
There is 1 question to complete.