1. Understand what is meant by currency and foreign exchange. 2. Explore the purpose of the foreign.

1. Understand what is meant by currency and foreign exchange.  2. Explore the purpose of the foreign exchange market.  3. Understand how to determine exchange rates.  4. What is currency and foreign exchange? Why are they so important to international business?  5. What is the difference between American and European terms for quoting currencies? Give an example. If you have traveled outside your home country, discuss how you exchanged currency while abroad. What process did you follow?

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