Proposal Argument Prompt

Define each of the following terms:

a. Multinational corporation

b. Exchange rate; fixed exchange rate system; floating exchange rate

c. Trade deficit; devaluation; revaluation

d. Exchange rate risk; convertible currency; pegged exchange rate

e. Interest rate parity; purchasing power parity

f. Spot rate; forward exchange rate; discount on foreign currency forward rate; premium on foreign currency forward rate

g. Repatriation of earnings; political risk

h. Eurodollar; Eurobond; international bond; foreign bond

i. The euro

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