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a) Globalization has resulted in many organizations engaging in corporate alliances and establishment of trading blocks. Further, development in information technology and the advent of

a) Globalization has resulted in many organizations engaging in corporate alliances and establishment of trading blocks. Further, development in information technology and the advent of e-commerce has enabled companies to greatly expand their markets.

Required:

Identify five (5) factors that complicate financial management in multinational firms.

b)Explain each of the following foreign exchange regimes:

I. Fixed exchange rates

ii. Pegged exchange rates

iii) Floating exchange rates

iv) Freely floating exchange rates

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