Why do nations need to convert their currency when trading

Asked by admin @ 26/11/2021 in History viewed by 306 People

Why is it important for nations to have a system to convert one type of currency to another? A Conberting to different currencies makes goods cost less. B Converting currencies makes it possible for nations to buy and sell goods with each other. C Banks are not ablee to handle different kinds of currencies. D The dollar is the most valuable currency in the world today

Answered by admin @ 26/11/2021

My thoughts would be that B is the best answer in this case

Why do nations need a system of currency exchange rates

Asked by admin @ 03/12/2021 in Social Studies viewed by 309 persons

Why is system of currency exchange necessary for international trade? A. Nearly all world currencies are worthless on the world market. B. Those buying goods on the world market only …

Which animals are shown on our national currency

Asked by admin @ 26/08/2021 in Social Sciences viewed by 377 persons

Which animals are shown on our national currency

What kind of convertibility of currency is permitted in india

Asked by admin @ 04/08/2021 in Economy viewed by 281 persons

What kind of convertibility of currency is permitted in india?

A reason to trade with other nations is that trade

Asked by maham237 @ 23/07/2021 in Business viewed by 253 persons

a. forces consumers to buy goods and services at a higher cost. b. reduces the supply of goods and services. c. allows consumers to buy goods and services at a …

Why do economists oppose policies that restrict trade among nations

Asked by admin @ 02/08/2021 in Economy viewed by 482 persons

Why do economists oppose policies that restrict trade among nations?

The federal reserve manages the nation’s currency and money supply by

Asked by maham237 @ 25/12/2020 in Business viewed by 303 persons

The Federal Reserve manages the nation’s currency and money supply by manipulating interest rates and acting as a lender to banks. overseeing bank collections and payments on loans. dictating criteria …

Which statement about global trade patterns is not true? one factor that has influenced trade routes is the quality of the relationship between two countries. excessive imports can damage a nation’s economy. a trade imbalance causes a nation’s debt to domestic manufacturers to rise. modern technology has made it easier to conduct trade across national borders.

Asked by maham237 @ 13/01/2021 in History viewed by 482 persons

Warren’s tape measure is marked in increments of 1/16 inch, not in decimal numbers. to measure the tiles, he needs to know the side lengths to the nearest 1/16 inch. in this activity, you will convert decimal values to fractional values and then calculate the area of the tiles. the length of tile a is about 2.23607 inches. which mark on the tape measure is closest to 2.23607 inches? remember, the tape measure is marked in sixteenths of an inch.

Asked by maham237 @ 10/01/2021 in Mathematics viewed by 504 persons

Take any three non-collinear points a b c and draw triangle a,b,c. through each vertex of the triangle draw a line parallel to the opposite side using ruler and compass

Asked by wiki @ 15/11/2022 in Mathematics viewed by 1403 persons

Write two paragraphs to compare and contrast the narrators’ schools and explain how their schools shape their perspectives toward the hijab. cite evidence from the text to support your ideas.

Asked by evette57 @ 13/09/2022 in History viewed by 1629 persons

Why do nations need to convert their currency when trading

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