Question

Which of the following situations would require an exchange of currency?

A Hawaiian resort buys towels from New Hampshire

A restaurant company in Florida buys salmon from Alaska

A New Mexico teacher tutors a student from California

A California company sells uniforms to a factory in Mexico***

Answer 1

Yes.

Answer 2

the correct answer is D

Answer 3

Okay thx!

Answer 4

[AI-generated answer — Explain Bot]

The situation that would require an exchange of currency is when a California company sells uniforms to a factory in Mexico. In this scenario, the California company is exporting goods to Mexico, and the factory in Mexico is importing goods from California. Since Mexico and California have different currencies (the Mexican peso and the US dollar), the transaction requires an exchange of currency. The California company would need to convert the payment they receive from the Mexican factory into their own currency, the US dollar.