After reading this chapter, you should be able to: realize that the currencies of countries change in value in terms
of each other understand how currency value changes affect international business
transactions recognize the tremendous importance of financial management to an
international company (IC) know about financial management tools understand the growing use of derivatives as hedging devices explain how financial executives meet, network, and cooperate with
their counterparts in other organizations to protect and/or benefit their organizations
in derivatives operations. understand why exporters sometimes accept payment in forms other than
money differentiate between hard, convertible currencies and soft, nonconvertible
ones explain the growing importance of international finance centers to
ICs |