International BusinessChapter 7:
Currency and Risk ManagementChapter Objectives- Identify the uses of money, currencies, and currency exchange rates.
- Explain how a fluctuating currency exchange rate affects international trade.
- Describe methods that nations use to manage currency exchange issues.
- Identify the types of commercial risk in international trade.
- Identify the types of payment programs used when trading across international borders.
- Discuss ways to reduce risk when building international business relationships.
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