1. How does the existence of foreign exchange and/or derivative markets impact an organization's globalization strategies? How does the non-existence of foreign exchange and/or derivative markets impact an organization's globalization strategies? How do catastrophic world events affect the foreign exchange and derivative markets?
2. What are international parity conditions? What are some examples of international parity conditions? How do these conditions impact global business?
3. What is currency? How do fluctuating currency rates affect global trading? Provide a real-world example in your response.