Why must countries consider exchange rates when trading with one another?
O A. Exchange rates prevent countries with strong economies from
trading with developing countries.
B. Exchange rates require trading partners to use currencies that
have roughly the same value.
O C. Exchange rates establish specific barriers to trade that must be
addressed before trade can begin.
O D. Exchange rates determine how much currency will be needed to
import a certain amount of goods.

Question

09-11-2020
Social Studies

contestada

Why must countries consider exchange rates when trading with one another?
O A. Exchange rates prevent countries with strong economies from
trading with developing countries.
B. Exchange rates require trading partners to use currencies that
have roughly the same value.
O C. Exchange rates establish specific barriers to trade that must be
addressed before trade can begin.
O D. Exchange rates determine how much currency will be needed to
import a certain amount of goods.

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VidyaaTech2022 VidyaaTech2022 · Answer 1 · 2022-05-14T13:07:05+02:00

The countries must consider exchange rates while trading with another country because the exchange rates determine how much currency will be required in case of importing the goods.

Option D is the correct answer.

What is an exchange rate?

An exchange rate is a rate where a unit of currency of one country is exchanged for the unit of currency of another country.

The exchange rate of a currency is one of the important indicators of defining a country's economic health apart from interest rates and inflation rates. If the value of a currency is higher, then the imports of a country are less expensive while the exports become more costly in the markets of foreign countries.

Therefore, the exchange rates are the most important factor affecting the trading of a country with other countries.

Learn more about the exchange rate in the related link:

https://brainly.com/question/15025547

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kheron505 kheron505 · Answer 2 · 2022-06-21T21:34:11+02:00

kheron505 kheron505

21-06-2022

Answer:

D. Exchange rates determine how much currency will be needed to

import a certain amount of goods

Explanation:

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