Which of the following enables organizations to conduct international trade without having to resort to barter?

Question

Quizplus · Accepted Answer

Without the foreign exchange market, international trade and international investment on the scale that we see today would be impossible; companies would have to resort to barter. The foreign exchange market is the lubricant that enables companies based in countries that use different currencies to trade with each other.

Which of the Following Enables Organizations to Conduct International Trade