Question: 1 . Explain why currency and foreign exchange are important to international business. ( 5 marks ) 2 . Discuss the three ( 3 )

1. Explain why currency and foreign exchange are important to international business. (5 marks)
2. Discuss the three (3) purposes of the international capital market (6 marks)
3. Outline the four (4) functions of the foreign exchange market (12 marks)
4. Differentiate between Spot Rates and forward rates (2 marks)

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