When two people from two different nations with two different currencies get together, often they cannot decide exactly how to trade money for goods. Fortunately for them, there is (are)
A) governments whose role it is to handle such transactions
B) arbitrage
C) a foreign exchange market
D) a barter system
E) an international monetary fund

Question

Quizplus · Accepted Answer

The foreign exchange market facilitates the exchange of currencies, allowing people from different countries to trade money for goods and services. This market determines the foreign exchange rate and includes all aspects of buying, selling, and exchanging currencies at current or determined prices.

When Two People from Two Different Nations with Two Different