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79ed 79ed
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8 years ago
The company's financial advisors recommend that ABC Software conduct most of its business in a vehicle currency. Which of the following is true of vehicle currencies?
A) The Chinese yuan is expected to become a vehicle currency in the near future as China's position in world trade continues to grow.
B) The U.S. dollar became a vehicle currency after World War II when all of the world's major currencies were tied indirectly to the dollar because it was the most stable currency.
C) A vehicle currency is a contract that requires the exchange of an agreed-upon amount of a currency on an agreed-upon date at a specific exchange rate.
D) The U.S. dollar, Australian dollar, Japanese yen, and British pound are all examples of vehicle currencies.
Textbook 
International Business: The Challenges of Globalization

International Business: The Challenges of Globalization


Edition: 7th
Author:
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kelbakelba
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8 years ago
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79ed Author
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#2
8 years ago
I can\'t emphasize enough how grateful I am lol My exam is literally in two days
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#3
8 years ago
I will check out your other questions too
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