1x How can international trade be affected by currency conversion? A square It costs a significant amount of money to exchange one currency for another. A country with a strong currency value can take advantage of a countries resources if it has a much weaker value. C All countries trade using the US dollar so it does not impact

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1x How can international trade be affected by currency conversion? A square It costs a significant amount of money to exchange one currency for another. A country with a strong currency value can take advantage of a countries resources if it has a much weaker value. C All countries trade using the US dollar so it does not impact

Answer 1

International trade can be affected by currency conversion in several ways. Option A suggests that it costs a significant amount of money to exchange one currency for another. This is true as currency conversion often involves fees and can also lead to a loss in value due to fluctuating exchange rates. Option B suggests that a country with a strong currency value can take advantage of a country's resources if it has a much weaker value. This is also true as a strong currency can buy more of the weaker currency, potentially leading to unfair trade practices. Option C suggests that all countries trade using the US dollar, which is not true. While the US dollar is a major currency in international trade, not all countries trade using it. Therefore, the correct answer is A and B.

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