Why are exchange rates needed


Asked by maham237 @ in History viewed by 342 People


Why are exchange rates needed as part of international trade?
It keeps the value of world currencies from going up or down.

Exporters prefer to be paid in their home country’s currency.

All international trade is conducted in United States dollars.

Free trade agreements require it.

Answered by maham237 @



Answer:

The answer is "Exporters prefer to be paid in their home country’s currency."

Explanation:

I know because I just took the test


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