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Ch 2 - Homework 2 - 9 - July 2019.docx - Ch 2 – Trade in...

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Ch 2 – Trade in the Modern World – Homework Questions 2 – 9 marksAnswer the following questions:What is an exchange rate?
If CAD $1.00 = USD $0.89, how much would CAD $1,000 beworth in U.S. dollars?
Who are two winners of a high Canadian dollar?
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United States dollar, Canadian dollar

Unformatted text preview: 1. Economic Conditions in Canada 2. Politics • Why are time zones considered a barrier to international business? This is because businesses needs to learn which communications medium is suitable in specific situations. Text messages, email, podcast, etc. can be accessed at any time and are dependant on time zones. However, these methods do not allow for immediate feedback. For example, Indian workers would need to work during night to answer calls from Canadian during the daytime. This disrupts the family lives of these Indian workers....
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