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11. Explain the current function of the International Monetary Fund (IMF). 12. What is the gold standard? How does it differ from today's currency exchange

11. Explain the current function of the International Monetary Fund (IMF).

12. What is the gold standard? How does it differ from today's currency exchange market?

13. What are the characteristics of the current foreign exchange environment?

14. What is the exchange rate risk? Explain the role of hedging and speculation in international currency markets.

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