1) What is a cross rate? Explain with a current example.
2) Sometimes, a county's currency is so "soft "or inconvertible that they are made to make payments to the seller for the goods in another currency. And if the country with this poor soft currency was trading with the USA., their own country may not let them pay in "Greenbacks" which is a reserve currency in many nations. So, what arrangements might the buying country make before placing an order with the USA country?