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Please help me answer this. Read the following statements carefully and identify which among them do not describe the true nature of the Foreign Exchange.
Please help me answer this.
Read the following statements carefully and identify which among them do not describe the true nature of the Foreign Exchange. 1. The Foreign Exchange Market is only useful when you are using the US Dollar when doing trade around the world. 2. It is possible to exchange your country's currency with different international countries. 3. The Foreign Exchange Market only entertains the exchange of international currencies when the transactions are in the nature of exportation. 4. Only countries can be involved in the foreign exchange market. 5. The Foreign Exchange Market can provide some insurance against foreign exchange risk, or the adverse consequences of unpredictable changes in exchange rates. There are also 5 situations involving the entry of foreign businesses in different countries. Identify what entry strategy was involved in each of these scenarios. 1. Company A, Philippines has been authorized by Company B, Japan to produce and sell its popular products in the Philippines. 2. Company C has been authorized to operate 10 branches of Company D's restaurants in its country. 3. Company E of Germany has teamed up with Company F of Brazil to operate a Hydroelectric Power Plant that will supply 10 % of Brazil's electricity needs. 4. With no local businesses interested to partner with it establishing and operating a hotel resort in Cambodia, Company G decided to operate on its own. 5. Due to the shortage of supply of agricultural products in Country Q, the said country has allowed Company H (from Country X) to deliver and sell its agricultural products to the local markets of Country Q in a regular basis.|Step by Step Solution
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