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2 votes
Which of the following accurately describes the process of currency

exchange?
A. Goods and services are bought using money from any foreign
country.
B. Stocks and bonds are redeemed for either commodity or fiat
money.
C. Money from one country is bought using money from another
country.
D. Bartered goods are converted into a durable medium of exchange.​

User BigCat
by
8.0k points

2 Answers

5 votes

Answer:C

Explanation: Money from on country is bought using money from another country

User Turtlefight
by
7.7k points
3 votes

Answer:

C. Money from one country is bought using money from another

Step-by-step explanation:

A currency exchange is seen as a type of business that has the right to exchange one currency for another to its customers or between two or.more different countries. Although the right to exchange this currency are often legal.

Therefore doing CURRENCY EXCHANGE the exchange rate is often how much of a country's currency have to buys another foreign currency which is why for some countries, exchange rates tend to constantly change while some countries tend to use a fixed exchange rate which does not often change .

Hence CURRENCY EXCHANGE enables money from one country to be bought using money from another.

User Muuvmuuv
by
8.1k points