1) Consider the various assumptions and limitations and the core concept of the theory of comparative advantage. Do you think the theory is of any value to managers of a multinational enterprise (MNE) in the modern context? Why or why not? Explain.

2)Compare among central banks, dealers, and brokers concerning their motives and operations in the foreign exchange market.

3)Discuss the interest rate parity theory. Is the theory useful to an investor and to an MNE? Explain.

4)Differentiate between dollarization and currency board arrangement with relevant discussions and examples.

5) Discuss similarities and dissimilarities between cross-currency swaps and parallel loans strategies of managing operating exposure.