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romanna [79]
3 years ago
12

Why are currency exchange systems important for international trade?

History
1 answer:
Alexxx [7]3 years ago
7 0

Answer:

The reason why we need a system of currency exchange in order to conduct international trade is because different countries use different types of currency. They do so because national sovereignty allows each nation to establish its own currency. However, we need a system to pay for goods that are purchased from other countries. This is why the currency exchange system allows us to conduct international trade

Explanation:

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Based on the chart, what best explains the decrease in immigration to the United States from 1911-1930? Select one:
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The reason there was a decrease in immigration from 1911 - 1930 was because of<em> A.</em><em> Increased restrictions</em><em> on </em><em>immigration </em><em>by the </em><em>Federal Government</em>

From the period before the First World War began up till 1930, some Americans began to call for a limit to immigration.

The <u>federal government responded by limiting immigration</u> through ways like:

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This led to a decrease in the number of people being allowed into the U.S. and so led to a decrease in immigration.

We can therefore conclude that the efforts of the Federal government were the reason the immigration rates of those years decreased.

<em>Find out more at brainly.com/question/1012768.</em>

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N76 [4]

Answer:

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Explanation:Merchants were respected in the Islamic world. The prophet Muhammad came from a merchant family. The slave trade was a large part of the economy. ... The vast expanse of Islamic trade allowed for the cultural exchange of art, science, food, and clothing throughout Asia, Africa, and Europe.

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