Many International Trade Contracts Are Denominated in American Dollars (US$)

question 47

Multiple Choice

Many international trade contracts are denominated in American dollars (US$) , regardless of the currencies of the countries that are trading with each other. This is an example of money serving as a:

• A)unit of account.
• B)medium of exchange.
• C)store of value.
• D)standard of deferred payment.

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Definitions:

Influence Process

The methods and techniques used by individuals or groups to alter the behavior, attitudes, or perceptions of others.

Leader-member Exchange

Describes the relationship dynamic between leaders and their team members, often highlighting the importance of mutual trust, respect, and obligation.

Relationship Quality

The perceived value or excellence of an interaction or relationship, based on factors like trust, satisfaction, and commitment.

Position Power

The authority or influence conferred by one's rank or official standing within an organization.