When Two Parties from Different Countries Enter into a Transaction

question 30

Multiple Choice

When two parties from different countries enter into a transaction:

• A) the currency to be used for settling the transaction is set by the government.
• B) a third country's currency must be used to denominate the transaction.
• C) the two parties are free to decide the currency that should be used to settle the transaction.
• D) the domestic currency of the buyer must be used to settle the transaction.

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