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2 years ago

Which currency is normally used for conducting global trade between two countries? currency of the seller

Business

2 answers:

Kryger [21]2 years ago

7 0

Often times the currency used is the currency of the seller.

Alex Ar [27]2 years ago

6 0

Answer:

currency of the stronger country

Explanation:

International trade contracts between two countries are usually made in the currency of the country that has the largest hegemony of the world economy, in this case the US. Most contracts between two countries, even when the US is not theirs, are made in dollars. The dollar has become a standard currency for international trade contracts. For example, contracts between Brazil and China are traded in dollars.

This is not a rule, but it is usually so, except in some economic blocs, such as the European Union, where the Euro is the current currency of contracts.

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An advantage of using the retail method of inventory costing is

alexandr1967 [171]

Answer:

An advantage of using the retail method of inventory costing is

c.that it may be used as an aid in taking a physical inventory.

Explanation:

The retail inventory method is used by retailers that resell merchandise to estimate their ending inventory balances. This method is based on the relationship between the cost of merchandise and its retail price. The method is not entirely accurate, and so should be periodically supplemented by a physical inventory count. Its results are not adequate for the year-end financial statements, for which a high level of inventory record accuracy is needed.

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2 years ago

Should gambling casinos advance credit to gamblers

JulsSmile [24]

<span>If the gambler does not pay the marker when he has finished gambling, the marker is outstanding and the casino may later submit the marker, like a check, to the gambler's bank for payment.

So no</span>

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2 years ago

Your buddy Amanda wants your advice. She presents you with the utility schedule above and wants to know how many units of Produc

Vilka [71]

Answer:

Answer for the question:

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is given in the attachment.

Explanation:

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2 years ago

Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. If the price d

elixir [45]

Answer:

d. We do not have enough information to answer this question

Explanation:

We could say that maybe if the price lowers by pure law of supply and demand the consumers will consume more cups of coffe but for a more complete answer we need the elasticity of demand of that good (coffe), to be able to know in what quantity a change in the price would affect the demand and to know if the relation between the price and the units buyed are positive or negativa.

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2 years ago

You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystop

slamgirl [31]

Answer:

The total amount you pay in social insurance taxes on your second job is 2,914.65 couches

Explanation:

The computation of the total amount paid is shown below:

= (Total income - paid amount) × Social insurance tax rate

= ($110,100 - $72,000) × 7.65%

= 2,914.65 couches

We simply have taken the difference between the total amount and the paid amount and then multiply it with the social insurance tax rate

All other information is not relevant. Hence, ignored it

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2 years ago