a) Identify and describe the two main exchange rates systems.
b) Differentiate between the three kinds of foreign exchange risks.
problem 2: State and describe (by using relevant exs) five reasons why businesses might operate internationally.
problem 3: There are some methods of entering a foreign market. State and differentiate between any two of these methods and describe their main benefits and drawbacks.
a) Differentiate between three major forms of counter trade.
b) What are their main problems?
problem 5: Describe the merits and demerits of countries imposing import tariffs and non-tariff restrictions.
a) Describe the difference between country and buyer risk.
b) Identify and describe two foreign exchange external hedging methods generally used.
problem 7: Assess the merits and demerits of regional economic integration in preference to free trade.
problem 8: Describe the following:
a) Comparative cost theory
c) International Monetary Fund