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A California company sells uniforms to a factory in Mexico. All the other ones are all usa.
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The following situations would require an exchange of currency: A California company sells uniforms to a factory in Mexico
What does foreign exchange mean?
Foreign exchange refers to exchanging the currency of one country for another at prevailing exchange rates. Let us take a close look at the meaning of foreign exchange. Different countries have different currencies. Foreign exchange converts the currency of one country into another.
What is the exchange of currency called?
Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the forex market.
What is an example of currency exchange?
The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for US$1 or that US$1 will be exchanged for ¥114.
Learn more about currency exchange here:https://brainly.com/question/11160294
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