A U.S. company that wants to buy products from a foreign firm must generally buy that country's currency first.

Name: A U.S. company that wants to buy products from a foreign firm must generally buy that country's currency first.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Since the foreign firm likely invoices the products in their local currency, the U.S. company must convert their U.S. dollars into the foreign currency in order to pay for the products. This can be done through a bank or currency exchange service.

A US Company That Wants to Buy Products from a Foreign