« previous next »

Author Question: In a short essay, discuss how companies use foreign exchange. What will be an ideal ... (Read 50 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jul 7, 2018
In a short essay, discuss how companies use foreign exchange.
 
  What will be an ideal response?

Question 2

Which of the following is a reason why we don't drop our tools?
 
  a. We don't trust the person who tells us to change.
  b. We see everyone else dropping their tools.
  c. We are given clear reasons to change.
  d. We believe that dropping our tools will make a big difference.
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
Buy Test-Bank


sailorcrescent

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 7, 2018
Answer to Question 1

There are a number of reasons why companies use the foreign-exchange market. The most obvious is for import and export transactions. Companies also use the foreign-exchange market for financial transactions, such as those in FDI. Sometimes companies, but mostly traders and investors, deal in foreign exchange solely for profit. One type of profit-seeking activity is arbitrage, which is the purchase of foreign currency on one market for immediate resale on another market (in a different country) to profit from a price discrepancy.

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Founder of Adidas and Puma companies are brothers Founder of Adidas and Puma companies are brothers
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
computer short cuts computer short cuts
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library