The Following Are Examples of Degrees of Internationalization of an International

question 61

Multiple Choice

The following are examples of degrees of internationalization of an international currency EXCEPT:

• A) First degree of internationalization is when an international currency becomes readily accessible for trade.
• B) A second degree of internationalization is when an international currency is used for international investment.
• C) A third degree of internationalization is when an international currency is used for international investment.
• D) A third degree of internationalization is when an international currency takes the role of a reserve currency.

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Definitions:

Cross-Cultural Relationships

Interactions or associations between individuals from different cultural backgrounds.

Traditional Culture

A set of practices, beliefs, and objects passed down within a community, which form the basis of its heritage and identity.

Assimilation

The process through which individuals or groups adopt the culture, customs, and norms of a dominant or host society, losing their original identity.

Bicultural

Identifying with or assimilating the cultural traits and values of two distinct cultures, and often navigating between them.