Register

Why is a system of currency exchange necessary for international trade?

Why is a system of currency exchange necessary for international trade?
asked 70.7k views
5 votes
Why is a system of currency exchange necessary for international trade?

asked
User Dimassony
by
8.3k points

2 Answers

6 votes

There needs to be a way to purchase goods due to nationalism

answered
User Charles Pehlivanian
by
7.9k points
3 votes
because values of money vary from location to location so by having a conversion rate everybody knows exactly how much any given amount is rally worth

answered
User Nathanvda
by
7.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
What was an effect of nationalism in Europe in the early 1900s?
Link Copied!