Why is it important for nations to have a system to convert from one currency to another?
A.Converting currency makes it possible to buy and sell goods between countries with different types of money
B.Converting currencies makes goods cost less so more people are likely to trade
C.The dollar is the most valuable currency in the world
D.It is not important because international trade can now occur with an exchange rate
A.Converting currency makes it possible to buy and sell goods between countries with different types of money
Having a system to convert from one currency to another is important because it facilitates international trade and allows businesses and individuals from different countries to engage in buying and selling goods and services. Without the ability to convert currencies, it would be difficult for countries with different types of money to conduct trade and economic transactions.