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Questions and Answers
Which term refers to the buying and selling of goods and services between parties?
Which term refers to the buying and selling of goods and services between parties?
- International Trade (correct)
- Authorized Dealer
- Import
- Foreign Exchange
What is the most common medium of exchange in international trade?
What is the most common medium of exchange in international trade?
- Goods
- Money (correct)
- Services
- Currency
What is an Authorized Dealer?
What is an Authorized Dealer?
- A person or company that buys and sells foreign currency (correct)
- A person or company that exports goods to another country
- A person or company that imports goods from another country
- A person or company that trades domestically
What does the term 'foreign exchange' refer to?
What does the term 'foreign exchange' refer to?
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What is an import?
What is an import?
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