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Global Financing 1 Global Financing and Exchange Rate Mechanisms May 4, 2010 Individual Assignment: Global Financing and Exchange Rate Mechanisms...

I have a peper that needs revising, It's 90% copied, crunched for time and I need help due tonight. Can you help me.

Prepare a 1,050- to 1,750-word paper in which you analyze one of the following global financing and exchange rate topics:

Hard and soft currencies

Define your selected topic.
Explain how your topic is used in global financing operations and describe its importance in managing risks.
Global Financing 1 Global Financing and Exchange Rate Mechanisms May 4, 2010 Individual Assignment: Global Financing and Exchange Rate Mechanisms Choose one of the following topics. Prepare a 1,050- to 1,750-word paper in which you analyze one of the following global financing and exchange rate topics: Hard and soft currencies Define your selected topic. Explain how your topic is used in global financing operations and describe its importance in managing risks. Format your paper according to APA standards.
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Global Financing 2 Global Financing and Exchange Rate Mechanisms There are over 150 major currencies of the world out there, each with a frequently changing value in relationship to other world currencies. Whether you do business with international clients and need exchange rates, or you invest and need stock-related information regarding major world currencies, or you're traveling and need to convert dollars to foreign currencies, it's important to understand the basics of currencies from around the world. There are three main areas of interest to the average U.S. citizen investigating world currencies: the euro (since most Americans travel most often to Europe), the major world currencies (since they drive economic activity around the world), and the dollar, because the U.S. Dollar is still a standard for establishing the value of other currencies. The United States took a long time to establish and really use the dollar as its official currency. Federally minted dollars were not enforced as currency until the Civil War. But, the world picked up on the U.S. Dollar right away, and despite the growth of other national economies, the U.S. Dollar remains a currency standard for the world. Define Hard and Soft Currencies A hard currency is a freely convertible currency that is not expected to depreciate significantly in value in the foreseeable future. A hard currency is considered to be stable, meaning that it is not subject to dramatic variations in its value relative to other currencies expressed as changes in its exchange rate. As a general rule, demand for hard currency in foreign exchange markets is high because of it stability. A soft currency often is a currency that is not fully convertible to all currencies. For example, it may be convertible to other soft currencies but not readily convertible against hard currencies. As a result, soft currencies may not be accepted in international business transactions by the
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