Why is a system of currency exchange necessary for international trade? (ss7e2c)

n order to conduct international trade, a single payment method for goods purchased from countries with different currency types due to nationalism is introduced. If the basic characteristics of each currency are formed within the national economy, their quantitative co-measurement takes place in the course of international economic operations.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

d.) continue to rise rapidly