a.distinguish between exchange rate and foreign exchange(What does each term mean?

b.Exchange rates fluctuate constantly. explain the effect of this fluctuation on firms engaged in international business.

c.explain Bretton Woods agreement

d. explain what is its legacy today

e.explain the difference between the international monetary system

f.explain the global financial system?

g. dentify the key players in the international monetary and financial systems, describing their specific roles.

h. In a chart, differentiate the aims of the World Bank (WB) and the International Monetary Fund (IMF)

i. Nearly 20 European Union (EU) countries have adopted the euro as their national currency and are termed the eurozone. Sharing a single currency eliminates exchange fluctuations and simplifies trade. Eurozone firms had to make various operational changes, especially regarding finance and accounting, but generally prefer dealing in the euro. The ECB views the eurozone as one region and must apply the same monetary policy to all EU members, but this is problematic at times. (The United Kingdom opted not to join the monetary union, keeping the British pound as its currency.) In separate answers, discuss. What types of competitive advantages and disadvantages are associated with the implementation of the euro from the perspective of the firm? b. What types of changes did firms make once the euro became the new currency?c. What benefits does using a single currency, the euro, provide to European countries?d. Was adopting the euro worth it? Why or why not?