Which of the following institutions simplifies financial settlements between buyers and sellers in different countries?
A) The U.S. State Department
B) The International Monetary Fund
C) The World Bank
D) Commercial banks
E) The Internet

Question

Quizplus · Accepted Answer

Commercial banks often provide services such as letters of credit and foreign exchange transactions which simplify the process of financial settlements between buyers and sellers in different countries. They act as intermediaries and facilitate international trade transactions.

Which of the Following Institutions Simplifies Financial Settlements Between Buyers