International trade involves the exchange of goods and services across national borders, impacting economies and currency exchange rates.
International trade is the exchange of goods and services across national borders. It plays a significant role in a country's economy by fostering economic growth, creating job opportunities, and allowing nations to access a wider variety of goods.
One important aspect of international trade is the use of different currencies in transactions between countries. For example, when Canadians trade with Europeans, financial transactions involve Canadian dollars and Euros, showcasing how exchange rates impact national competitiveness.
Globalization has fueled international trade by enabling increased connections between people worldwide, leading to heightened buying and selling of goods, services, and assets across borders.
https://brainly.com/question/41472727