Foreign exporters are usually quite willing to accept U.S. dollars in payment fo

ID: 2635412 • Letter: F

Question

Foreign exporters are usually quite willing to accept U.S. dollars in payment for goods and services because:

of the importance of the dollar in international trade

the value of the dollar does not fluctuate

they have little alternative

it is customary to receive payment denominated in the currency of the importer's country

of the importance of the dollar in international trade

the value of the dollar does not fluctuate

they have little alternative

it is customary to receive payment denominated in the currency of the importer's country

The correct answer is option A = of the importance of the dollar in international trade.

Rest other options are incorrect.

Almost all the nations of the world maintain a sound US Dollar reserve.

The values of all the currencies fluctuate.

There are other currencies also such as: Euro, Yen, Pound, etc.

Hope my solution solves your query.

Regards.

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