Exchange rate systems
Not what you're looking for?
"There are flexible (floating) and fixed exchange-rate systems that nations use to correct imbalances in the balance of payments. When a nation has a payment deficit foreign exchange rates will increase, thus making foreign goods and services more expensive and decreasing imports. These events will make a nation's goods and services less expensive for foreigners to buy, thus increasing exports."
What are the implications for a business given the above statement?
Purchase this Solution
Solution Summary
The solution gives detailed answers to the question below.
Solution Preview
The implications for a business depends on the the type of business.
If the business is dependent very heavily on exporting its good and ...
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.