Social Studies, 17.01.2020 16:31 jljhenkel

big !
why are foreign exchange rates necessary in trade?
a) rates to balance imports and exports.
b) rates ensure cultural exchanges across borders.
c) rates to compare prices stated in foreign currency.
d) rates to compare the supply and demand of goods traded between countries.

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why are foreign exchange rates necessary in trade?
a) rates to balance imports...

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big ! why are foreign exchange rates necessary in trade? a) rates to balance imports and exports. b) rates ensure cultural exchanges across borders. c) rates to compare prices stated in foreign currency. d) rates to compare the supply and demand of goods traded between countries.

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Another question on Social Studies

big !
why are foreign exchange rates necessary in trade?
a) rates to balance imports and exports.
b) rates ensure cultural exchanges across borders.
c) rates to compare prices stated in foreign currency.
d) rates to compare the supply and demand of goods traded between countries.