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How Can International Trade Be Affected by Currency Conversion? Ncosts a Significant Amount of Money to Exchange One Currency for

Problemas

How can international trade be affected by currency conversion? Ncosts a significant amount of money to exchange one currency for another. B 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 international trade. D Currency conversion is not a factor for counties that have free trade agreements.

Roztwór

Deborah élite · Tutor durante 8 años
Weryfikacja ekspertów
4.6 (228 Votos)

Respuesta

B

Explicación

## Step 1The problem is asking us to identify the correct statement that explains how currency conversion can affect international trade. ## Step 2Let's analyze each option:### Option AThis option suggests that the cost of currency conversion can be a significant factor in international trade. While it's true that currency conversion can involve costs, this is not the primary factor affecting international trade.### Option BThis option states that a country with a strong currency value can take advantage of a country with a weaker currency value. This is true because a strong currency can allow a country to import goods at a lower cost, which can give it an advantage in international trade.### Option CThis option suggests that all countries trade using the US dollar, which is not true. While the US dollar is a major currency in international trade, it is not the only currency used.### Option DThis option suggests that currency conversion is not a factor for countries that have free trade agreements. This is not true because even in free trade agreements, currency conversion can still occur.## Step 3Based on the analysis, option B is the most accurate answer.