Chapter 6 The International Monetary Environment and Financial Management in the Global Firm
Learning Objectives
In this chapter, you will learn about:
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Exchange rates and currencies
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How exchange rates are determined
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The monetary and financial systems
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Financial management in the global firm
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Managing currency risk
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Managing accounting and tax practices
Exchange Rates and Currencies
International business transactions take place within the global monetary and financial systems. When people think of international trade, invariably they think of trade in products and services. However, the markets for foreign exchange and capital are much larger. Firms regularly trade the U.S. dollar, European euro, Japanese yen, and other leading currencies ...
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