What is one requirement for companies regarding exchange control?
A) Companies that export need to sell foreign currencies to a foreign agency or the central bank.
B) Companies need to support domestic industry through grants of money or research support.
C) Companies need a complete ban on the importation of a product.
D) Companies that sell products in a foreign market price the products cheaper than they are sold domestically.

Question

Quizplus · Accepted Answer

Exchange control often requires companies that earn foreign currency (through exports) to sell it to the central bank or a designated foreign exchange agency to control the supply of foreign currency within the country. This helps the government manage its currency's value.

What Is One Requirement for Companies Regarding Exchange Control