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ID number:994929
 
Evaluation:
Published: 09.12.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

When a company begins a transaction in a foreign currency, it accepts an economic risk due to fluctuating exchange rates. The globalization of the world economy and the devaluation of the U.S. dollar have allowed more American companies to enter the export/import markets. Additionally, many managers who previously avoided these markets are finding that international transactions can make their companies more competitive in marketing products and procuring parts and materials. …

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