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
Define your selected topic.
Explain how your topic is used in global financing operations and describe its importance in managing risks.
Format your paper consistent with APA guidelines.