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Internation basinass
international baisinaiss
| Question | Answer |
|---|---|
| market for converting the currency of one country into that of another countraiy | foreign exchange market |
| the rate at which one currency is converted into another | exchange rate |
| short term movement of funds from one currency to another in hopes of gettin paid son | currency speculation |
| firm that insures itself against foreign exchange risk | hedging |
| rate that a foreign exchange dealer converts one currency into another on a particular dizzle | spot exchange rate |
| What three factors effect future exchange rate movements | a country's price inflation, a country's interest rate, and market pyschology |
| allowing residents and non residents to purchase unlimited amounts of a country's currency | freely convertible |
| when residents and non residents rush to convert their holdings of domestic into foreign currency | Capital flight |
| barter like agreements when firms trade goods and services instead of currency | countertrade |
| the extent of which the income of individual transactions is affected by fluctuations in foreign exchange values | Transaction exposure |
| impact of currency exchange rate changes on the reported financial statements of a company | translation exposure |
| is the extent to which a firm’s future international earning power is affected by changes in exchange rates | Economic exposure |
| under this system, a fixed exchange rate was established, all currencies were fixed to gold, but only the u.s. dollar could be converted to gold, and established the IMF and world bank | Bretton Woods |
| What two measures did the IMF use to execute the main goal of Bretton Woods | Discipline and Flexibility |
| floating rates became acceptable, gold was abandoned, and IMF quotas were increased to 41 billion | Jamaica Agreement |
| commit to converting their domestic currency on demand into another currency at a fixed exchange rate | Currency board |
| Currency Management, Business Strategy, and corporate-governance relations are needed for what? | understanding the international monetary system |
| the financial service companies that connect investors and borrowers, either directly or indirectly | Market Makers |
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