Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.
What is International Trade?
International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.
International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.
What is the role of the banks in International Trade?
Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.
What did a Merchant do?
Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.
Thus, we can conclude that the above statement is TRUE.
Learn more about International Trade on:
brainly.com/question/15115779
#SPJ4
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.
