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.

---

Definitions:

Autonomous Groups

Teams that operate independently with the ability to make decisions without external control.

Enabling Groups

Groups or teams within an organization designed to provide support, resources, or empowerment to individuals or projects, facilitating success.

Friendship Groups

Informal social networks of individuals who share personal relationships and interests within or outside a workplace.

Support Groups

Gatherings of individuals who share common experiences or challenges and provide mutual aid and understanding.