Question

In the context of the foreign exchange market, what does "invoicing in a single currency" mean?

a.

Using a common currency for all global transactions

b.

Accepting payments only in the local currency

c.

Agreeing to trade in a specific foreign currency

d.

Restricting trade to a single commodity currency

Answer: (c).Agreeing to trade in a specific foreign currency Explanation:"Invoicing in a single currency" refers to the practice of agreeing to conduct trade using a specific foreign currency, providing a common ground for transactions.**

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Q. In the context of the foreign exchange market, what does "invoicing in a single currency" mean?

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