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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. |
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