Exchange rate question
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1. What would be the impact on foreign exchange markets if Congress takes too long to raise the US debt ceiling and some of the debt is in danger of default?
2. Explain the following statement where I can put it into my own words: "...a firm's moral and ethical policies should be independent of country borders..."?
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This solution is comprised of a detailed explanation to answer what would be the impact on foreign exchange markets if Congress takes too long to raise the US debt ceiling and some of the debt is in danger of default and explain the following statement "...a firm's moral and ethical policies should be independent of country borders..."
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1. What would be the impact on foreign exchange markets if Congress takes too long to raise the US debt ceiling and some of the debt is in danger of default?
Treasury Secretary John W. Snow said yesterday that the United States could be unable to pay its bills in early 2006 unless Congress raises the government's borrowing authority, which is now capped at $8.18 trillion. However, if Congress takes too long to raise ...
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