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