Title: Identify the uses of money, currencies, and foreign exchange.
Course: Opportunities in Global Trade (12056-I) > Section: Understanding Price and Payments in the International Marketing Plan

Identification includes the use of money as

- medium of exchange
- measure of value
- store of value (savings mechanism).

Factors that affect the value of currency include

- exchange rate fluctuation
- foreign exchange market
- foreign exchange controls.

Process/Skill Questions:

- What are the main purposes of money?
- What factors affect exchange rates and cause currency fluctuations?
- How do economic conditions affect international business?
- What factors influence the value of a country’s currency?
- What approaches do national governments take to make sure exchange rates are at least a neutral factor in business transactions?
- What organizations make up the international monetary system?