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s344n2d4d5 [400]
3 years ago
4

Which currency is normally used for conducting global trade between two countries? currency of the seller

Business
2 answers:
sattari [20]3 years ago
8 0

Answer:

currency of the stronger country

Explanation:

International trade contracts between two countries are usually made in the currency of the country that has the largest hegemony of the world economy, in this case the US. Most contracts between two countries, even when the US is not theirs, are made in dollars. The dollar has become a standard currency for international trade contracts. For example, contracts between Brazil and China are traded in dollars.

This is not a rule, but it is usually so, except in some economic blocs, such as the European Union, where the Euro is the current currency of contracts.

Luden [163]3 years ago
3 0

Often times the currency used is the currency of the seller.

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Answer: Here are a few other elements to consider:

Did you open the message with the main idea?

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7 0
3 years ago
If each car requires a belt that costs $20 and 2,000 cars are produced for the period, then the total cost for belts is:
kompoz [17]

Answer:

b) Considered to be a direct variable cost

Explanation:

Direct costs are expenditures that can be traced to a specific product, project, or service. It is a cost component that arises due to the production of a particular good or service as opposed to a general expense. Direct costs contrast indirect cost that covers a variety of items, such as administration.

Variable costs are the expenses that change with production volume. An increase in production leads to an increase in variable costs. Variable costs, therefore, have a direct relationship with the output level.

Belts, in this case, are a direct variable cost because

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8 0
3 years ago
XYZ company has introduced a loyalty program so that it can reduce and increase sales . Select one : O a . Threat of new entrant
anzhelika [568]

Answer:

A

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Monique bakes custom birthday cakes that she markets all over the Southwestern U.S. Her biggest concern is with efficiently prod
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Answer:

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