Quiz 7 :
Dealing With Foreign Exchange
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Q25 Q25 Q25
Lumberne,a country,reviews its international transaction statement to assess its performance in international trade.This transaction statement contains accurate details on merchandise trade,service trade,and capital movement.Such a transaction statement is called the _____.
Q47 Q47 Q47
The Greyon Bank in Australia has an excess balance of euros but is in need of dollars.Similarly,Huran Bank in the US has an excess of dollars and is currently in need of euros.The two banks agree to exchange euros for dollars now and dollars for euros at a later date.This type of foreign exchange transaction is an example of _____.