Section $0($p$.352)$

List two reasons a global company needs foreign exchange.

Why is Walmart concerned about foreign exchange rates?

Section $1($p$.363)$

What is currency and foreign exchange? Why are they so important to international business?

What is the difference between American and European terms for quoting currencies? Give an example. If you have traveled outside your home country, discuss how you exchanged currency while abroad. What process did you follow?

Describe a spot rate and a forward rate.

What are the main differences between a forward contract and a futures contract?

Section $2($p$.379)$

What is a capital market? What is an international capital market?

What is the role of bond and equity markets?

Select one global financial center and research its history and evolution to present times. Do you feel that the center will remain influential? Why or why not? Which other global financial centers compete with the one you have chosen?

Section $3($p$.385)$

Why do VCs benefit from increased globalization? List three reasons. If you were a research analyst at a US$-$based VC firm, what would you recommend to your senior partners about the global market opportunity?

What is an exit strategy? Why is it so important to a VC$?$