PLEASE HELP!!! I WILL MARK BRAINLIEST!!!! TRUE OT FALSE!!
The International Banking System is "Decentralized" meaning that there is not a coordinating bank with power over the entire international banking system and there is NOT a single set of rules that governs this.

Question 1 options:
True
False
Question 2 (2 points)
Currency exchange is the trade of different kinds of money.

Question 2 options:
True
False

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30-03-2022
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PLEASE HELP!!! I WILL MARK BRAINLIEST!!!! TRUE OT FALSE!!
The International Banking System is "Decentralized" meaning that there is not a coordinating bank with power over the entire international banking system and there is NOT a single set of rules that governs this.

Question 1 options:
True
False
Question 2 (2 points)
Currency exchange is the trade of different kinds of money.

Question 2 options:
True
False

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jaquelinefvr jaquelinefvr · Answer 1 · 2022-04-01T14:02:19+02:00

1. It is true to say that the International Banking System is decentralized, that is, there is no single set of rules that governs it.

2. It is true to say that the currency exchange is the trade of different types of money.

What is a decentralized banking system?

It corresponds to a system that uses decentralized finance (DeFi) which is a technology based on secure distributed ledgers. The system strips banks of control over financial products and services.

Therefore, a decentralized international banking system aims to guarantee independence over countries' monetary policy decisions, reducing political influence over decisions that affect currency exchange.

Find out more about currency exchange here:

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