7. CHAPTER. Foreign Exchange and International Finance. 7-1 Money Systems Around the World 7-2 Foreign Exchange And Currency Controls 7-3 Currency Transactions Between Nations. GOALS. Explain the role of money and currency systems in international business.
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7-1 Money Systems Around the World
7-2 Foreign Exchange And Currency Controls
7-3 Currency Transactions Between Nations
Explain the role of money and currency systems in international business.
Identify factors that affect the value of currency.
7LESSON 7-1Money Systems Around the World
Why is money used?
Medium of exchange
Measure of value
Store of value
7Money and Currency Systems
Discuss foreign exchange activities.
Describe the main activities of the World Bank and the International Monetary Fund.
7LESSON 7-2Foreign Exchange and Currency Controls
Discuss payment methods and financial sources for international business transactions.
Explain other payment methods and financial documents used in international trade.
7LESSON 7-3Currency Transactions Between Nations