Choose one of the following topics. Prepare a 1,050- to 1,750-word paper in which you analyze one of the following global financing and exchange rate topics:
- Purchasing power parity and the Big Mac index
- Currency hedging
- Hard and soft currencies
- Countertrade
- Financing via letters of credit and EXIM Bank and commercial banks
- Tariff and nontariff barriers
- Roles of international financial institutions (e.g. IMF, World Bank, ADB, etc.)
- Euro currency markets
Question 1: Define your selected topic.
Question 2: Explain how your topic is used in global financing operations and describe its importance in managing risks.
Format your paper consistent with APA guidelines.