A majority of international transactions involve the buying and selling of _____.
A) bank deposits denominated in foreign currency
B) currency notes
C) traveler's checks
D) stocks denominated in domestic currency
E) bills of exchange

Question

Quizplus · Accepted Answer

Bank deposits denominated in foreign currency are commonly used in international transactions as they facilitate the transfer of large sums of money across borders efficiently.

A Majority of International Transactions Involve the Buying and Selling