Caitlin has just decided to order a computer that is made in Japan. She needs to convert U.S. dollars for Japanese yen. This conversion takes place in the

Question

Quizplus · Accepted Answer

The conversion of U.S. dollars to Japanese yen takes place in foreign exchange markets, where currencies of different countries are bought and sold. Therefore, option C is the correct choice. The International Monetary Fund (IMF) manages global financial issues and provides resources to countries in need. The target zone is a predetermined range of exchange rates agreed upon by central banks. Special Drawing Rights (SDRs) are international reserve assets created by the IMF. None of these options involve currency conversion.

Caitlin Has Just Decided to Order a Computer That Is