July 2013
Intermediate to advanced
352 pages
15h 18m
English
In this chapter, you will learn about:
Exchange rates and currencies
How exchange rates are determined
The monetary and financial systems
Financial management in the global firm
Managing currency risk
Managing accounting and tax practices
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 ...