Scenario: ABC Software
ABC Software is a producer of educational software for small children.The company has operations in Switzerland and would like to expand its foreign production with a new facility in China.
-The company's financial advisors recommend that ABC Software conduct most of its business in a vehicle currency which ________.
A) is a currency used as an intermediary to convert funds between two other currencies
B) is a currency that is used in the most bond markets globally
C) is another name for Eurocurrency
D) offers the best spot rate at any time for exchange purposes
Correct Answer:
Verified
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