FIN3400: Principles of financial Management
Instructions
instructions attached
Answer
Identify and discuss the factors that cause international financial business transactions to be different for domestic financial business transactions. Domestic business transactions normally involve the use of the same currency in exchange for the services and produce exchanged locally. For instance, a manufacturing company may require raw materials from another business, and thus need to make financial transactions to pay for these services and products. The reason for the use of the same currency is because it is common and perhaps that is readily available. More so, transacting in the same currency is easier for consistency in the payments as well as keeping the costs of production low. All businesses would essentially want to keep their costs of production low or at least constantly m...
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