Which of the following is one requirement for companies regarding exchange control?
A) Companies that export need to sell foreign currencies to a foreign agency or the central bank.
B) Companies need to support domestic industry through grants of money or research support.
C) Companies need a complete ban on the importation of a product.
D) Companies that sell products in a foreign market price the products cheaper than they are sold domestically.

Question

Quizplus · Accepted Answer

Companies that export need to sell foreign currencies to a foreign agency or the central bank to comply with exchange control regulations. This is done to regulate the amount of foreign currency in circulation in the domestic market and to maintain a stable exchange rate. B, C, and D are not requirements for companies regarding exchange control.

Which of the Following Is One Requirement for Companies Regarding