The reason individuals have to trade currencies is to buy and sell foreign goods.

Question

Quizplus · Accepted Answer

Trading currencies is necessary for individuals to purchase goods from foreign countries. When individuals purchase goods from foreign countries, they have to pay in the currency of the country they're buying from. In order to do so, they must first exchange their own currency for the currency of the country they're buying from. Similarly, when individuals from foreign countries purchase goods from the individual's country, they have to exchange their currency for the individual's currency. This is why currency trading is essential for buying and selling foreign goods.

The Reason Individuals Have to Trade Currencies Is to Buy