Why is a system for exchanging currencies necessary for international trade?(1 point)

Question

Responses

To control the global money supply
To control the global money supply

To increase trade barriers
To increase trade barriers

To manage price stability and currency risk
To manage price stability and currency risk

To create a universal method for accurate currency exchange

Answer 1

To create a universal method for accurate currency exchange.

Answer 2

Because countries cannot produce all of the goods/services that it needs, they must(1 point)
Responses

Reduce the need for imports
Reduce the need for imports

Specialize and trade on a global scale
Specialize and trade on a global scale

Eliminate consumption of scarce goods. 
Eliminate consumption of scarce goods.