1Discuss the current economic environment in the U.S., including the likelihood that we are facing a double-dip recession. What role is the economic crisis of 2007-2009 playing in this environment?

2Explain the mechanisms of the Foreign Exchange Market and their importance to an MNE.

3Discuss the current monetary situation in Japan and possible effects on international parity conditions if the Japanese government attempts to control the value of their currency.

4How important is the use of foreign currency derivatives to an MNE? Provide a specific example.