[15 Mark question , answer appropriately]

(note - im asking answers for my exam preparation , it would be greatly helpful if you provide short , precise and correct answer and concise answer . At the same time it should be worth getting 10to15 marks in examinations . All important points should be covered . for eg - 15 imp short pointers = 15 Marks )

{ This question is exactly from the subject, " International Finance " }

QUESTION -

Explain the scope of International Trade.