Describe at least three ways that global capital markets are different today from what they were like in the late 19th century.
What will be an ideal response?
Question 2
If Juana contracts to buy U.S. office equipment in U.S. dollars and her domestic currency depreciates against the U.S. dollar between the time the contract is signed and the bill is paid, she will wind up paying less for the equipment because she stayed in the spot market.
Indicate whether the statement is true or false