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1. Explain the three broad categories of exchange rate systems. Explain how exchange rates are determined in each system. Discuss the pros and cons of

1. Explain the three broad categories of exchange rate systems. Explain how exchange rates are determined in each system. Discuss the pros and cons of different exchange rate systems.

2. Describe the role of the following international organizations in the global economy:

  • World Trade Organization (WTO)Links to an external site.
  • International Monetary Fund (IMF)Links to an external site.
  • World Bank

3. What impact do these international organizations have on businesses? Include a discussion of the challenges and opportunities facing these organizations.

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