1.Settlement of international trade between an importer and an exporter can take place either THREE situations. (i) Using the home currency of the importer; or (ii) using the home currency of the exporter; or (iii) using a third country currency. In each of the scenario bellow, briefly describe how the respective parties are affected by filling up the space below:

If both parties agreed for payment to be made using...

United Kingdom buyer need to...

Malaysian sellers need to

i. Importer's home currency

ii. Exporter's home currency

iii.Neutral currency, say, USD