________ costs are incurred every time a firm changes cash from one currency into another currency.

Name: ________ costs are incurred every time a firm changes cash from one currency into another currency.
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Question

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Transaction costs are the cost of exchange. Every time a firm changes cash from one currency into another currency it must bear a transaction cost-the commission fee it pays to foreign exchange dealers for performing the transaction.

________ Costs Are Incurred Every Time a Firm Changes Cash