Which of the Following Statements About the Financing of International

question 255

Multiple Choice

Which of the following statements about the financing of international trade is correct?

• A)International trade means the trading of financial assets for foreign exchange.
• B)Most international transactions are made with gold.
• C)Imports are more important than exports to the economy of a nation.
• D)Exports provide the foreign currencies needed to pay for imports.

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Definitions:

Potential Market

The entire market universe that could potentially buy a product or service, considering all possible customers who fall within a segment.

Prototype

An early sample, model, or release of a product built to test a concept or process, serving as a thing to be replicated or learned from.