In the foreign exchange market,foreign residents wishing to purchase U.S.exports or U.S.real and financial assets must:

Question

Quizplus · Accepted Answer

Foreign residents wishing to purchase U.S. exports or assets must demand U.S. dollars by supplying their foreign currency. This is because the U.S. dollar is the standard currency for international transactions and is widely accepted as a medium of exchange in the foreign exchange market. Therefore, they must exchange their currency for U.S. dollars in order to complete the transaction.

In the Foreign Exchange Market,foreign Residents Wishing to Purchase U