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In a certain international trade transaction, the exporter is located in India while the importer is in Jordan. They have been negotiating on price but
In a certain international trade transaction, the exporter is located in India while the importer is in Jordan. They have been negotiating on price but neither of them wants to accommodate the extra cost of managing the risk of other party's currency fluctuations and the resulting unpredictability. What should they do? Select the Jordanian dinar as the currency of transaction Select the Indian rupee as the currency of transaction Select a third currency, such as US dollar, as the currency of transaction Use an inconvertible currency as the currency of transaction
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