How has the value of the US dollar changed relative to other major currencies in recent years? What is hedging and how are forward contracts used to manage foreign exchange risk? What are sight and time drafts? Indicate how they differ. Describe the various ways by which an exporter may finance an international shipment of goods. How may commercial banks assist the exporter in collecting drafts? 

 

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The current trend of the US dollar compared to other major currencies shows that it has ... View the full answer