Question
1. At the beginning, trading between two parties used the barter system. Unfortunately, this type of trading system does not last until today. Provide an
1. At the beginning, trading between two parties used the barter system. Unfortunately, this type of trading system does not last until today. Provide an explanation, why the barter system failed?
2. Adopting an open economic policy will involve international trade that affects a country's currency value. Explain how exchange rates are determined?
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Business Law Principles for Today's Commercial Environment
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
5th edition
1305575156, 978-1305887657, 1305887654, 978-1305575158
