Asked by Blake Waldman on Jun 23, 2024
Verified
People will have to exchange their currency for another only when they do exporting or importing.
Exporting
The act of selling goods or services produced in one country to another country.
Importing
The act of bringing goods or services into one country from another for sale.
- Describe the role and impact of currency exchange for international trade beyond importing and exporting.
Verified Answer
HH
Hnuna HualngoJun 29, 2024
Final Answer :
False
Explanation :
People may exchange their currency for another for reasons other than exporting or importing, such as for travel, investment, or speculation.
Learning Objectives
- Describe the role and impact of currency exchange for international trade beyond importing and exporting.