Q3.(a)Multinational corporations (MNCs) use several methods to conduct international business. Briefly explain the following methods of conducting international business: (i)Franchising (ii) Licensing (iii) Special Purpose Vehicle (iv) Joint Ventures (b) Multinational corporations (MNCs) are exposed to international risk. Explain three major risk associated with international business. (c)If investors in the United States and Canada require the same real interest rate, and the nominal rate of interest is 2 percent higher in Canada, what does this imply about expectations of U.S. inflation and Canadian inflation? What do these inflationary expectations suggest about future exchange rates