1.Person X in country A and person Y in country B plan to enter into a contract. What can they do to minimize the impact of a fluctuation in the value of their money on the account? 200 words
2. Describe national monetary systems and how they work in practice. 200 words
Explanation & Answer
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Running Head: INTERNATIONAL OPERATIONS.
International operations which involve transfer of many are at times subject to the impact
of fluctuation. An activity conducted today with a certain agreed value could have a different
value tomorrow. This is as a result of fluctuation in prices of currency in different countries. We
cannot be able to maintain a steady currency value as it involves very many countries (Tirole,
2002). It is therefore wise to make a contract and include a section where such fluctuations are
accounted for. Specifying the terms to be followed in case ...
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