A German national who exchanges euros for dollars at a U.S.airport is:

A) contributing to U.S.exports of merchandise.
B) lending dollars to Germany.
C) participating in the foreign exchange market.
D) engaging in speculative activities.
E) engaging in illegal activities.

Question

Olivia Carlson · Accepted Answer

Final Answer : C, Explanation :  The individual is participating in the foreign exchange market by exchanging euros for dollars. This transaction has no direct impact on U.S. exports, does not involve lending or speculation, and is not an illegal activity.

A German national who exchanges euros for dollars at a U.S.airport is:

A) contributing to U.S.exports of merchandise.
B) lending dollars to Germany.
C) participating in the foreign exchange market.
D) engaging in speculative activities.
E) engaging in illegal activities.

Definitions

Learning Objectives

Learning Objectives

Related questions

A German national who exchanges euros for dollars at a U.S.airport is:A) contributing to U.S.exports of merchandise.B) lending dollars to Germany.C) participating in the foreign exchange market.D) engaging in speculative activities.E) engaging in illegal activities.

Definitions

Learning Objectives

Learning Objectives

Related questions

A German national who exchanges euros for dollars at a U.S.airport is:

A) contributing to U.S.exports of merchandise.
B) lending dollars to Germany.
C) participating in the foreign exchange market.
D) engaging in speculative activities.
E) engaging in illegal activities.