International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
International Business: The Challenges of Globalization (9th Edition) (What's New in Management)
9th Edition
ISBN: 9780134729220
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 9.4, Problem 2QS4
Summary Introduction

To Determine:

The name given to the risk of adverse changes in exchange rates.

Introduction:

In the foreign exchange market, how currencies are quoted, businessmen must understand because of importance of foreign exchange to investment and trade. Profit earned by their international business activities, managers must be aware about the financial instruments available to protect their profits. Also awareness regarding the government restrictions on the currency convertibility and must know how to deal with such obstacles.

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