McqMate
| 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» A. Each country has its own currency. | |
View all MCQs in
Management of International BusinessNo comments yet