True/False
Because the firm either accepting or making the payment assumes the risk for the fluctuation, companies have a tendency to prefer handling international business transactions with their own country's currency rather than with the currency of another country.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: The Indian rupee is one of the
Q24: An increase in a nation's rate of
Q25: All else being equal, the greater the
Q26: In most high-inflation nations, interest rates are
Q27: A devaluation is an action taken by
Q29: Explain the belief that a persistent trade
Q30: Describe the two main types of foreign
Q31: The central bank also seeks to ensure
Q32: If last year one dollar equaled one
Q33: Momentum trading occurs when investors buy stocks