What must occur when goods or services cross international borders?

Question

Quizplus · Accepted Answer

When goods or services cross international borders, payment must be made in the opposite direction, which typically involves the movement of money. For example, if a company located in the United States imports goods from Japan, it will need to pay in Japanese yen, which will involve purchasing yen with U.S. dollars. Similarly, if a company located in Japan exports goods to the United States, it will receive payment in U.S. dollars, which will involve selling yen for dollars.

What Must Occur When Goods or Services Cross International Borders