(See related pages)
- Be familiar with the form and function of the foreign exchange market.
- Understand the difference between spot and forward exchange rates.
- Understand how currency exchange rates are determined.
- Appreciate the role of the foreign exchange market in insuring against foreign exchange risk.
- Be familiar with the merits of different approaches toward exchange rate forecasting.
- Appreciate why some currencies cannot always be converted into other currencies.
- Understand how countertrade is used to mitigate problems associated with an inability to convert currencies.
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