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

Question

Quizplus · Accepted Answer

The foreign exchange market enables organizations to conduct international trade by facilitating the exchange of one currency for another. This allows organizations to avoid the limitations and complications involved in bartering goods directly with foreign partners. The foreign exchange market provides a platform for organizations to convert their home currency into the currency of the country they wish to trade with, enabling them to pay for imports and receive payment for exports in their own currency.

Which of the Following Enables Organizations to Conduct International Trade