International Banking and Finance
Objective 16-6 Discuss some of the institutions and activities in international banking and finance.
Electronic technologies permit nearly instantaneous financial transactions around the globe. These business exchanges—the prices asked and paid—are affected by values of the currencies among the various nations involved in the transactions. Once agreements are reached, the international payments process that moves money between buyers and sellers on different continents is not subject to any worldwide policy system beyond loosely structured agreements among countries.
Currency Values and Exchange Rates
Euros, pesos, yuans, dollars, and yen—money comes in all sizes and stripes. With today’s global activities, ...
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