With respect to currency quotation when preparing for buying and selling transactions, buyers and sellers generally prefer to quote in:
A)a world currency.
B)the seller's currency.
C)the buyer's currency.
D)their own currency.
E)the dollar.

Question

Quizplus · Accepted Answer

Buyers and sellers generally prefer to quote in their own currency to avoid exchange rate risk and simplify the transaction process for themselves.

With Respect to Currency Quotation When Preparing for Buying and Selling