2.
Which of the following is/are settlement currency between international parties
to trade?
a.
Domestic currency of any one of the parties only.
b.
US Dollars only.
C.
Euro only.
d.
Internationally accepted currency only.
Both (a) and (d) of the above.
what is true
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Answer:Your settlement currency is the currency in which your funds will be deposited into your business bank account. Depending on your account setup, you may only be able to settle in your home currency, or you may have the option to settle in multiple currencies.
The US dollar prevails as the dominant international trade currency, with a 51.9% share of the value of international currency usage in 2014. The euro is second, with a 30.5% share of the total value.
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