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Which of the Following Term Refers to the Type of Currency

question 14

Multiple Choice

Which of the following term refers to the type of currency used only for domestic business transactions, and is accepted only by the residents of the issuing country?


Definitions:

Imported Products

Goods or services brought into one country from another for sale or use.

VER (Voluntary Export Restraint)

An agreement by an exporting country to limit the quantity of goods exported to another country, often to avoid formal trade restrictions or tariffs.

Domestic Price

The price of goods or services within a country's borders, as opposed to the price of those goods or services in international markets.

World Price

World Price is the international market price of a good or service, determined by global supply and demand forces.

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