(Answered) 1 read chapters 79 in the textbook2 read -the factors that

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1. Read Chapters 7""9 in the textbook.

2. Read -The Factors That Determine Foreign Exchange Rates? and research historical exchange rates. Suppose that U.S. $1 equals 0.7778 EU in New York and U.S. $1 equals 0.7775 EU in Paris. Explain how foreign exchange traders in New York and Paris can profit from these exchange rates. Write a three-page, APA formatted paper to illustrate your response. New times Roman 12 cover page and numbered

Peng, M. W. (2010).

Global (2nd ed.). Mason, OH: South-Western Cengage Learning. ISBN10: 0324560702 or ISBN13: 9780324560701.

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