After reading this chapter, you should be able to: realize that much money is made, and lost, in the foreign exchange
(Fx) markets understand the role of the U.S. dollar in the world understand Fx quotations, including cross rates recognize currency exchange risks understand currency exchange controls anticipate financial forces such as balance of payments, tariffs,
taxes, inflation, fiscal and monetary policies, and differing accounting practices
that affect business understand sovereign debt, its causes, and its solutions know that a new small business in a developing country might be a
better credit risk than the government in a developing country. |