Regarding the international payments process,which statement is true?
A) Diplomatic pouches move currency payments from one nation to another.
B) Banks do not get involved in such transactions.
C) Most foreign nations never accept dollars.
D) Money does not actually have to flow between two countries.

Question

Quizplus · Accepted Answer

In the international payments process, money does not actually have to physically flow between two countries. Instead, banks or other financial institutions use electronic transfers and other methods to transfer funds between accounts in different countries.

Regarding the International Payments Process,which Statement Is True