Define each of the following terms: a. Multinational corporation b. Exchange rate; fixed exchange rate system; floating

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Define each of the following terms:

a. Multinational corporation

b. Exchange rate; fixed exchange rate system; floating exchange rates

c. Trade deficit; devaluation; revaluation

d. Exchange rate risk; convertible currency; pegged exchange rates

e. Interest rate parity; purchasing power parity

f. Spot rate; forward exchange rate; discount on forward rate; premium on forward rate

g. Repatriation of earnings; political risk

h. Eurodollar; Eurobond; international bond; foreign bond

i. The euro

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Financial management theory and practice

ISBN: 978-0324422696

12th Edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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