« previous next »

Author Question: In a short essay, discuss how companies use foreign exchange. What will be an ideal ... (Read 17 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?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

The four ways in which animals exchange heat with the environment are radiation, evaporation, convec The four ways in which animals exchange heat with the environment are radiation, evaporation, convec
A medical assistant listening to the patient and physician discuss the patient's care. A medical assistant listening to the patient and physician discuss the patient's care.
The process of phagocytosis: a phagocyte engulfing bacteria or other foreign material. The process of phagocytosis: a phagocyte engulfing bacteria or other foreign material.
Conduction and gas exchange structures and functions. Conduction and gas exchange structures and functions.
To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ... To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ...
A model for RecA-mediated strand exchange A model for RecA-mediated strand exchange
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library