Stella, who works and lives in San Diego, wants to send money to her mother who lives in a small village south of Puerto Vallarta, Mexico.Stella typically uses Western Union to handle the transaction.Which of the following is the most likely reason that Stella uses Western Union?
A)no fees
B)convenience
C)low exchange rates
D)cross rate capability

Question

Quizplus · Accepted Answer

The most likely reason that Stella uses Western Union is convenience. Western Union has a wide network of locations in both San Diego and small villages like the one where Stella's mother lives, making it easy for her to send money. While there may be some fees associated with the transaction and exchange rates may not be the best, convenience is likely the deciding factor for Stella.

Stella, Who Works and Lives in San Diego, Wants to Send