1. Read Chapters 7”“9 in the textbook.
2. Read ―The Factors That Determine Foreign Exchange Rates‖ and research historical exchange rates. Suppose that U.S. $1 equals 0.7778 EU in New York and U.S. $1 equals 0.7775 EU in Paris. Explain how foreign exchange traders in New York and Paris can profit from these exchange rates. Write a three-page, APA formatted paper to illustrate your response. New times Roman 12 cover page and numbered
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TE Book
Peng, M. W. (2010).
Global (2nd ed.). Mason, OH: South-Western Cengage Learning. ISBN10: 0324560702 or ISBN13: 9780324560701.
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