Choose one of the following topics. Prepare a 1,050- to 1,750-word paper in which you analyze one of the following global financing and exchange rate topics:
· Purchasing power parity and the Big Mac index
· Currency hedging
· Hard and soft currencies
· Financing via letters of credit and EXIM Bank and commercial banks
· Tariff and nontariff barriers
· Roles of international financial institutions (e.g. IMF, World Bank, ADB, etc.)
· Euro currency markets
Define your selected topic.
Explain how your topic is used in global financing operations and describe its importance in managing risks.
Format your paper consistent with APA guidelines.