Master the World of International Trade
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Questions and Answers

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?

  • Goods
  • Money (correct)
  • Services
  • Currency

    • 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?

    <p>Currency used in international trade</p> Signup and view all the answers

    What is an import?

    <p>A good or service brought into one country from another</p> Signup and view all the answers

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