Business
borisperry49
2021-05-30 18:10:42
Which best describes the exchange of currencies ? A. One set of goods are bartered for a different set of goods. B. Goods or Services are exchanged for money from a foreign country. C. Bonds are purchased with stocks or stocks are purchased with bonds. D. Money from one country is bought using money from another country.
ANSWERS
kekec
2021-05-30 18:46:02

The answer is D.  an exchange of currencies happens when you "trade" one currency for another, which can also be thought of buying one currency in the form of another currency. So for example, if you were going to exchange the US Dollar for Mexican Pesos, the exchange rate is 1 USD to 17 MXN.  Therefore, to get 17 MXN, you need to pay 1 USD. Does that make sense?

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