Review the opening case in Chapter 9 for our class discussion and how to approach this assignment for MidTerm Part A Exam.
1. Define the role of foreign exchange in international trade and how companies and countries create strategies to manage this area.
2. How has the market of foreign exchange transfer of funds for individuals changed since Western Union started the business decades ago?
3. In your country of choice, which companies are active in the foreign exchange transfer for individuals?
4. What are the laws that are place to ensure that these funds are not transferred for illegal purposes?
5. What are the other perspectives of movement of labor, need for money, and resources that are shared within the case?
