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It’s important for countries to exchange currencies so that goods from other nations can be:

a. manufactured

b. destroyed

c. traded

d. regulated.

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Raushan Raj
Raushan RajLv8
11 Sep 2020

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Related questions

With respect to the goods from other nations, why is it important for countries to exchange currencies?

1) Under the gold standard exchange rate system

A) the value of all currencies was determined by market forces.
B) the value of all currencies was fixed in terms of gold.
C) all nations must stand ready and willing to provide gold in exchange for their home country currency.
(A) and (C

(B) and (C)

2) When have we NOT observed fixed exchange? rates:

a. In developing countries today.
b. Between? 1945-73.
c. In the decades prior to WWI.
d. Between the US and Japan in the 1980s.

What are freely floating exchange rates all about, and how do they work? How can the falling U.S. dollar impact your travel expenses? Why would a cheap dollar relative to other nations' currencies be good or bad for U.S. trade?

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