Q.

The existence of different currencies is beneficial to private financial institutions because:

A. Each country has its own currency.
B. The exchange rate of each currency is fixed by the International Monetary Fund.
C. A collapse in the exchange rate of a currency can cause economic disruption.
D. Profits can be made from arbitrage.
Answer» D. Profits can be made from arbitrage.
1.8k
0
Do you find this helpful?
12

Discussion

No comments yet