Settlement and settlement have different meanings.
Settlement of foreign exchange refers to the settlement of buying and selling foreign exchange by enterprises or individuals according to the exchange rate. According to the needs of import business, professional import and export companies buy foreign exchange from professional foreign exchange banks in their own currency according to the foreign exchange quotation published by the state, or sell the foreign exchange obtained from export to foreign exchange banks at the quotation price and convert it into their own currency. This behavior is called foreign trade settlement.
Settlement refers to the monetary receipt and payment behavior caused by economic activities such as commodity trading, labor supply and fund allocation between economic units.
Tips: The above contents are for reference only.
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