Currency Transformation Is an Important Service Because

question 78

Multiple Choice

Currency transformation is an important service because

• A) most Surplus spending units (SSUs) want to invest in more than one currency
• B) all financial institutions operate internationally
• C) few ordinary investors care to hold claims denominated in foreign currency
• D) Deficit spending units (DSUs) can't export unless they borrow in the currency of the importing country

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Definitions:

Transpiration

The loss of water vapor from the aerial surfaces of a plant (i.e., leaves and stems).

Humidity

The amount of water vapor present in the air, often described as relative humidity.

Wind

The movement of air from areas of high pressure to low pressure, often responsible for changes in weather.

Temperature

The average kinetic energy of the particles in a sample of a substance.