Provide insight into the risk created by FX rates for a multinational company (MNC). Describe the 3 major categories of FX rate exposures. Provide an example for each. Discuss the importance of FX rate forecasting. Include insight into where professionals can go to attain information to help them forecast effectively. Provide insight into how companies can protect themselves from FX rate movements. What are at least 3 implications of exchange rate fluctuations for Axetem as they relate to marketing and production decisions? Explain the Fisher effect and its mechanics by walking the trainees through a step-by-step explanation in the following hypothetical situation: If the real interest rate is 5%, the U.S. inflation rate is at 3%, and the inflation rate of the euro area (the countries that use the euro) is at 4%, what are the nominal interest rates for both the United States and the euro area? Interpret the calculations for the audience