A U.S.company sells merchandise on account to a German company.The German company may settle the transaction in euros.

Question

Quizplus · Accepted Answer

It is possible for a German company to settle a transaction in euros, as the euro is their national currency. However, it is important to note that the U.S. company may also accept payment in USD or other currencies, and the parties should agree on the terms of payment before the transaction takes place.

A USCompany Sells Merchandise on Account to a German Company