Question
Until we end up with one worldwide currency, and we may never have that happen (but if we do, I think we should call it
Until we end up with one worldwide currency, and we may never have that happen (but if we do, I think we should call it a Global), companies that sell goods in multiple countries (and that list is getting longer by the day with online shopping) have to understand that the strength of their domestic currency will continually fluctuate against the currency of the buyers' country resulting in the inflation and deflation of their domestic currency.Explain the effects of either currency inflation or currency deflation (not both) on the domestic firm?
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