Why do nations need a system of currency exchange rates?
-
-
Answer:
A system for exchanging currencies is used in international trade because a company in one nation will want to be paid in in currency that they use rather than one from a foreign nation.
Sofia Paredes at ChaCha Visit the source
Other answers
National currencies are vitally important to the way modern economies operate. They allow us to consistently express the value of an item across borders. We need exchange rates because one nation's currency is not always accepted in another.
Crystal Mann
National currencies are vitally important to the way modern economies operate. They allow us to consistently express the value of an item across borders. We need exchange rates because one nation's currency is not always accepted in another. - See more at: http://www.com/question/why-do-nations-need-a-system-of-currency-exchange-rates#sthash.TAwtMpxg.dpuf
Debra Billings
Related Q & A:
- Why different key exhange techniques for SSL key exchange?Best solution by Information Security
- Why is there many php.ini files in a system?Best solution by Server Fault
- Is it a good idea to exchange links within your own domain network?Best solution by Yahoo! Answers
- How do you measure national income? and why do countries need to measure it?Best solution by en.wikipedia.org
- I need a good car sound system.Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.