(Solved by Humans)-A retailer in Mexico wants to buy $100,000 worth of Apple
Question
A retailer in Mexico wants to buy $100,000 worth of Apple computers from the United States. The
Mexican retai
ler has pesos while the seller in the United States wants to be paid in U.S. dollars.
Explain how this transaction is completed with particular emphasis on the foreign exchange market
and banks i
n the United States and Mexico.
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