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1. What is currency? How do fluctuating currency rates affect global trading? Provide a real-world example in your response. What is meant by currency hedging?

2. How do you define strategic planning? What problems might an organization encounter when implementing a strategic plan?

3. What are some differences between strategic and financial planning?

4. What is the difference between future value and present value concepts?

5. What is a balance sheet and what is it used for?

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