When the People Involved in an Exchange Are from Countries

question 25

Multiple Choice

When the people involved in an exchange are from countries that use different currencies, an intermediate asset transaction has to take place:

• A)the seller must convert her currency into the currency that the buyer uses and accepts.
• B)the buyer must convert her currency into the currency that the seller uses and accepts.
• C)the buyer and seller should engage in barter trade.
• D)both buyer and seller should exchange their currencies to gold.

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Definitions:

Chlamydomonas

A genus of green algae that are unicellular flagellates, often used in biological research as a model organism.

Plasmodium

A genus of parasitic protozoa, several species of which are responsible for causing malaria in humans.

Asexual Spores

Reproductive cells produced by some organisms, enabling them to reproduce without the need for sexual reproduction.

Sac Fungus

A group of fungi characterized by the production of spores in sac-like structures called asci.