Graded Homework

Each answer should be about 150 words at least.

Answer fourquestions in total. Two from Chapter 7 and Chapter 8

Chapter 7 (Answer 1 and 2)

1. Describe the purpose and constituents of ONE of the following trade organizations

• • EU
  • OPEC
  • ASEAN
  • APEC
  • NAFTA
  • PAFTA
• Refer to the case study from Chapter 7 (pgs 290-294) and answer the questions below.
  • Walmart tried to be successful in Germany and failed. However, it has been very successful in Mexico. How has the implementation of NAFTA affected Walmart’s success in Mexico?

Chapter 8 (Answer any two)

1. How does foreign exchange impacts international business, and explain why the US Dollar continues to be the most used foreign exchange currency.
2. Explain any TWO of the following concepts
3. 1. Spot market
   2. Forward market
   3. BIS (Bank for International Settlements)
   4. Options
   5. Futures
   6. Top Exchanges for trading foreign exchange
4. Why is it important for the Yuan to become a major world currency?