Scenario: Trader's Paradise
Trader's Paradise is a global merchant that sells a variety of products.The company operates in 48 different countries (some developed,some developing)and some former communist countries.The company faces substantial risks given differing conditions in foreign exchange markets.
-When doing business with former communist countries,Trader's Paradise insists on getting paid in hard currency.This means they are paid in which of the following?

Question

Quizplus · Accepted Answer

Hard currency refers to any currency that is widely accepted around the world and can be easily traded or converted into another currency. Therefore, the best choice would be a convertible currency, as it can easily be exchanged for other currencies. Gold bullion and bartered goods are not widely accepted as a form of payment, and coins but not bills may not be practical in large transactions.

Scenario: Trader's Paradise Trader's Paradise Is a Global Merchant That Sells a Variety