Question

Which of the following situations makes it necessary to have a system of currency exchange?
O A A business in Japan pays its workers their wages at the end of the week.
OB. A person in India trades his bicycle for his friend's new skateboard.
OC. A person in India pays the taxes she owes to the local government.
OD. A business in Japan buys automobile parts from a business in China.

Answer 1

Answer:

I think the answer is (D.)

Answer 2

The situation that makes it necessary to have a system of currency exchange is a business in Japan buying automobile parts from a business in China.

What is the currency exchange?

Different countries have different currencies to use.

Currency exchange is the change of one type of money into another when to pay in that country.

Thus, the correct option is D. A business in Japan buys automobile parts from a business in China.

Learn more about currency exchange

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