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What is the importance of foreign economic exchange? Choose all that apply. A) Foreign exchange is important because it encourages trade between nations. B) Foreign exchange is important because it provides trade benefits for all nations. C) Foreign exchange is important because it determines the economic health of a nation. D) Foreign exchange is important because it creates equality between currency exchanges. E) Foreign exchange is important because it can help or hurt interests within a country

Sagot :

Answer:

It serves as the basic link between the local and the overseas market for various goods, services and financial assets. Using the exchange rate, we are able to compare prices of goods, services, and assets quoted in different currencies.

Explanation: