In the United States we have a floating currency. The government cannot raise or lower the US Dollar exchange rate directly. It cannot raise or lower the conversion rate by decree, for example, by declaring that “As of noon tomorrow, all US banks will sell Euros or buy Japanese yen for exactly so many dollars and so many cents.” But the Federal Reserve can and does change the Funds rate. When they increase the rate, interest rates rise a bit all across the US banking system. This has the ripple effect of reducing the overall supply of dollars, which makes the US Dollar stronger against other world currencies. Having a low dollar to euro exchange rate, for example, may not be entirely a bad thing for all Americans. We know that it makes daily life expensive for American tourists in Paris or Rome who must convert dollars to euros before buying a croissant or getting opera tickets. But, a cheap dollar in Europe makes American cars more of a bargain for Europeans to buy. European companies might be more likely to choose an American consultant or software company, because the price in dollars is now very affordable in Germany or France. Currencies trading experts know that it's important to be following trends and staying alert for potential increases or decreases in the inflation rate and the shrinking or rising money supply.

Resolved Question: Since we know now Obama only wants Cap and Trade so HE makes BILLIONS, shouldn't this whole thing be trashed?

July 29, 2010 at 7:35 am • 

OBAMA truth REVEALED - Received by mail Posted on July 28th, 2010 by David-Crockett This is an interesting story, put together from various articles and TV shows, by the British Times paper.OBAMA truth REVEALED It shows what Obama and his friends are really every about. It’s not wish and change, it is money. I warn you, the first part is a little boring, but stick with it. The second part connects every the dots for you (it will open your eyes). The end explains how Obama and every his cronies will end up as multi-billionaires. A tiny bank in Chicago called SHOREBANK almost went bankrupt during the recession. The bank made a profit on its foreign micro-loans (look below), but had lost money in sub-prime mortgages in the US. It was facing likely closure by federal regulators. However, because the bank’s executives were well connected with members of the Obama Administration, a private rescue bailout was arranged. The bank’s employees had donated money to Obama’s Senate campaign. In other words, ShoreBank was too politically connected to be allowed to go below. ShoreBank survived and invested in many “green” businesses such as solar panel manufacturing. In fact, the bank was mentioned in one of Obama’s speeches during his election campaign because it subjected new business borrowers to eco-litmus tests. Prior to becoming President, Obama sat on the board of the JOYCE FOUNDATION, a liberal charity. This foundation was originally established by Joyce Kean’s family, which had accumulated millions of dollars in the lumber industry. It mostly gave funds to hospitals. But after her death in 1972, the foundation was taken over by radical environmentalists and social justice extremists. This JOYCE FOUNDATION, which is rumored to have assets of 8 billion dollars, has now set up and funded, with a few partners, something called the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the Chicago Grain Futures Market for agriculture) where Environmental Carbon Credits are traded. below Obama’s new bill, businesses in the future will be assessed a tax on how much CO2 they produce, (their Carbon Footprint) or in other words how much they add to global warming. If a company produces less CO2 than their allotted measured limit, they earn a Carbon Credit. This Carbon Credit can be traded on the CXX exchange. Another company, which has gone over their CO2 limit, can buy the Credit and “reduce” their footprint and tax liability. It will be like trading shares on Wall road. Well, it was the same JOYCE FOUNDATION, along with some other private partners and Wall road firms, that funded the bailout of ShoreBank. The foundation is now one of the major shareholders. The bank has now been designated to be the “banking arm” of the CHICAGO CLIMATE EXCHANGE (CXX). In addition, Goldman Sachs has been contracted to run the investment trading floor of the exchange. So far so good; now the INTERESTING parts… One ShoreBank co-founder, named Jan Piercy, was a Wellesley College roommate of Hillary Clinton. Hillary and Bill Clinton have long supported the bank and are tiny investors. Another co-founder of Shorebank, named Mary Houghton, was a pal of Obama’s tardy mom. Obama’s mom worked on foreign MICRO-LOANS for the Ford Foundation. She worked for the foundation with a guy called Geithner. Yes, you guessed it. This man was the dad of Tim Geithner, our gift Treasury Secretary, who failed to pay every his taxes for two years. Another founder of ShoreBank was Ronald Grzywinski, a cohort and close pal of Jimmy Carter. The former ShoreBank Vice Chairman was a man called Bob Nash. He was the deputy campaign manager of Hillary Clinton’s presidential bid. He also sat on the board of the Chicago Law School with Obama and Bill Ayers, the former terrorist. Nash was also a member of Obama’s White home transition team. (To run your memories, Bill Ayers is a Professor at the University of Illinois at Chicago. He founded the Weather Underground, a radical revolutionary group that bombed buildings in the 60s and 70s. He had no remorse for those who were killed, escaped jail on a technicality, and is still an admitted Marxist). When Obama sat on the board of the JOYCE FOUNDATION, he “funneled” thousands of charity dollars to a guy named John Ayers, who runs a dubious education fund. Yes, you guessed it. The brother of Bill Ayers, the terrorist. Howard Stanback is a board member of Shorebank. He is a former board chairman of the Woods Foundation. Obama and Bill Ayers, the terrorist, also sat on the board of the Woods Foundation. Stanback was formerly employed by New Kenwood Inc., a real estate development company, co-owned by Tony Rezko. (You will remember that Tony Rezko was the guy who gave Obama an amazing sweet deal on his new home. OBAMA truth REVEALEDYears OBAMA truth REVEALEDYears prior to this, the law firm of Davis, Miner, Barnhill & Galland had represented Rezko’s company and helped him receive more than 43 million dollars in government funding. Guess who worked as a lawyer at the firm at the time. Yes, Barack Obama). Adele Simmons, the Director of ShoreBank, is a close pal of Valerie Jarrett, a White home senior advisor to Obama. Simmons and Jarrett also sit on the board of a dubious Chicago Civic Organization. Van Jones sits on the board of ShoreBank and is one the marketing directors for “green” projects. He also holds a senior advisor position for black studies at Princeton University. You will remember that Mr. Van Jones was appointed by Obama in 2009 to be a Special Advisor for Green Jobs at the White home. He was forced to resign over past political activities, including the fact that he is a Marxist. Al Gore was one of the smaller partners to originally help fund the CHICAGO CLIMATE EXCHANGE. He also founded a company called Generation Investment Management (GIM) and registered it in London, England. GIM has close links to the UK-based Climate Exchange PLC, a holding company listed on the London Stock Exchange. This company trades Carbon Credits in Europe (just like CXX will do here) and its floor is run by Goldman Sachs. Along with Gore, the other co-founder of GIM is Hank Paulson, the former US Treasury Secretary and former CEO of Goldman Sachs. His wife, Wendy, graduated from and is presently a Trustee of Wellesley College. Yes, the same college that Hillary Clinton and Jan Piercy, a co-founder of Shorebank attended. (They are every friends.) Interesting? And now the closing… Because many studies have been exposed as scientific nonsense, people are slowly realizing that man-made global warming is nothing more than a money-generating hoax. As a result, Obama is working feverishly to win the race. He aims to push a Cap-and-Trade Carbon Tax Bill through Congress and into law. Obama knows he must receive this passed before he loses his majority in Congress in the November elections. Apart from Climate Change he will “sell” this bill to the public as generating tax revenue to reduce our debt. But, it will also make it impossible for US companies to compete in world markets and drastically increase unemployment. In addition, energy prices (home utility rates) will sky rocket. But, here’s the KICKER (THE MONEY TRAIL). If the bill passes, it is estimated that over 10 TRILLION dollars each year will be traded on the CXX exchange. At a commission rate of only 4 percent, the exchange would earn close to 400 billion dollars to split between its owners, every Obama cronies. At a 2 percent rate, Goldman Sachs would also rake in 200 billion dollars each year. But don’t forget SHOREBANK. With 10 trillion dollars flowing though its ccounts, the bank will earn close to 40 billion dollars in interest each year for its owners (more Obama cronies), without even breaking a sweat. It is estimated Al Gore will probably rake in 15 billion dollars, just in the first year. Of course, Obama’s “commissions” will be held in trust for him at the Joyce Foundation. They are estimated to be over 8 billion dollars by the time he leaves office in 2013, if the bill passes this year. Of course, these commissions will continue to be paid for the relax of his life. Some financial experts think this will be the largest “scam” or “legal heist” in world history. Obama’s cronies make the Mafia look like rank amateurs. They will make Bernie Madoff’s fraud look like penny ante stuff.

Open Question: While preparing to visit the United States, Greg exchanged 200 Canadian dollars for 1/5 fewer U.S dollars. Aft?

July 29, 2010 at 7:18 pm • 

Open Question: Epstudent organisation is fraud?

July 29, 2010 at 7:11 am • 

http://epstudent.net/employment.html I got a mail that... My name is Jason Tyler, and from now on you can call me "Jay". I am writing to inform you that we have received and reviewed your profile, you are qualified for the position of Area Representative, commencing July 2010 on the terms set forth in the enclosed job description. I want to express my appreciation of your interest in this position, and I would like to do the best I can in order for our cooperation to be a win for you and my organization. I would like to apologize for not being able to contact you earlier, but we have been waiting for a final confirmation from our charity sponsors, who are responsible for funding this project. First of every, let me commend you on your interest, and how rewarding this program is to you and our students. We are very pleased that you have found interest in this position. This letter will give you every the necessary information concerning this position and will answer any immediate questions. Just wanted to let you know in advance that you do NOT have to pay for the enrolment or application. You do not have to pay for ANYTHING at every. Let me explain you who we are and what we do. "Excellent Program Student Centre" was founded in 2004 as an international non-profit organization. Since the moment of foundation, we have put a lot of effort in various innovative programs, which were aimed at developing leadership and diplomacy skills in students from developing democratic countries. Four years after EPStudent was founded, in 2008, the annual budget of our organization grew up to 15 million dollars, and our team included more than 150 highly skilled experts throughout the world. With headquarters based in the United States of America, EPStudent also supports a wide network of offices located in 12 countries of Europe and Asia. The long-term goal of EPStudent initiatives is improving the quality level of education, supporting independent media and creating civil institutes and community centres. Our international activities are aimed at developing the students' notion of tolerance based on respect, acceptance and understanding of the wealthy diversity of modern world cultures, personality expression forms, and ways of manifesting human individuality. Learning other cultures, communicating with students from other countries, practicing foreign languages - every of it helps to build the communicative competence of the future professionals, expand their horizons, and develop the concept of a human as a member of a modern society. The level of cognitive motivation and the social activity of students are growing, which is by every means both a reason for our pride, and a motive for further aspirations. EPStudent provides exchange programs for undergraduate and graduate students as well as the distribution of training materials and financial aid. Our exchange program extends to European, Asian and African countries. EPStudent programs focus on the development of foreign languages by placing students in the country where the language is natively spoken thus enabling students to experience global issues, understand different cultures and help young people adapt to their adult life building themselves qualities that are pursued by international employers and corporations. Due to our initiative, thousands of young people in the US and abroad obtained this unique possibility to learn about our world and experience different cultures and different ways of life enabling them to perceive, comprehend and deal with complex global and personal issues. Area Representative: The responsibility of this position is distribution of training materials and benefits, distribution of financial aid and the support of our European and Asian associates. This position will require you to dedicate around 24 hours of your time per week; payment is of £ 8.80 per hour. Full- time Internet access is mandatory for this position! We will grant you access to our server from which you will obtain information on your tasks. With the new 2011 academic year approaching, we are in great need of willing individuals ready to start helping us to pursue our mission because many of our programs start in August. Responsibilities include: - Support and the development of educational institutions - Preparation and the retention of host families - Development of training programs and benefits - Conducting training programs of undergraduate and graduate students abroad - The development of educational technologies and programs At the given moment, EPStudent has already begun the distribution of financial and teaching aids for our students and the financing of our foreign partners. As an individual

Open Question: How do you work out a currency exchage rate?

July 29, 2010 at 4:19 pm • 

Like if I wanted to exchange British Pound Sterling to American Dollar's, how would I be able to work this out?

Open Question: Are there limitations for using currency exchange rates for monetary gains?

July 29, 2010 at 2:06 pm • 

I've recently switched leftover Euros from a trip back over to Canadian dollars. I was advised to wait a few months after my trip to switch the money back, as at the time Greece was at the worst of their financial situation and the Euro was suffering heavily. I was wondering if there were laws banning buying big quantities of one currency when it is at a low point, waiting until the currency is on a high again, and then switching back to another currency in order to gain more money than what was switched over initially. If that makes any sense at every. It seems like a low way to make money, and must have some sort of regulation to prevent money from being drained from one country and passed to another.

Open Question: Need help buying items from USA?

July 29, 2010 at 1:17 pm • 

Im wanting to buy some items from a store called Visual You,Inc Lolita KisamaTM http://www.lolita-kisama.com/store/ I live in the UK and im having a little trouble knowing how to purchase things. Its every in dollars and i can only change it to euro's but we dont use euros. Does that mean I have to keep doing a exchange rate on every item i want and thats how much will receive charged to me? If you have shopped form this store please help me Thanks

Open Question: POLL: Would you give your social security out to 170 random people for in exchange for 3 billion us dollars?

July 29, 2010 at 12:39 pm • 

=)

Open Question: Rangel: The ethics Committee of the House 5 Republicans and Democrats. Will they cave and let him resign....?

July 28, 2010 at 9:53 am • 

or will they prosecute him for a long list of violations of crimes and ethics? It said Rep. Zoe Lofgren, D-California, is the panel's chairperson. Other Democratic members are Rep. G.K. Butterfield of North Carolina, Rep. Kelly Castor of Florida and Rep. Peter Welch of Vermont. The four Republicans are Rep. Michael McCaul of Texas, Rep. Mike Conaway of Texas, Rep. Charlie Dent of Pennsylvania and Rep. Gregg Harper of Mississippi. The congressman has also admitted a failure to report several hundred thousand dollars in assets on federal disclosure forms In addition, he is below scrutiny for the purported misuse of a rent-controlled apartment for political purposes, as well as for allegedly preserving tax benefits for an oil-drilling company in exchange for donations to a project he supported at the City College of New York The home ethics committee previously admonished Rangel for violating rules on receiving gifts. Specifically, the committee found that Rangel violated home gift rules by accepting reimbursement payments for travel to conferences in the Caribbean in 2007 and 2008. http://www.cnn.com/2010/POLITICS/07/22/home.rangel.ethics.hearing/index.html

Open Question: do you know of a cheap foriegn exchange program?

July 28, 2010 at 7:58 pm • 

well im 15 and i really want to do an exchange program its just the money problem i mean every website i have looked at cost thousands of dollars and i dont have thousands of dollars so please if you can tell me if you know of any cheap or maybe even free exchange programs or maybe and cheap boarding schools in england, france, or italy

Open Question: Student exchange questions. (long)?

July 28, 2010 at 7:58 pm • 

I am 13 and during grade nine year i plan on going to france to study their culture/ways of life and school working styles. i have already asked some people where i should go. i never mentioned France but considering i sorta can talk french i was hoping this would be a good experience i know this is a lot of questions but you can answer what ever questions you feel like/ can answers. like everyone always asks are you adaptable to different environments : yes, yes i am and i am very social!! 1. how much should this program coast ( I live in Canada. also my mom said she would adore ot pay for me to go but if it costs over 9 thousand dollars then i will have to do a lot of work :P ) 2. Will i be able to go on a plane to France alone easily?? i have a passport. 3. will i have to go thru an agency for the program.? if so what is this?? 4. will the school that i will be attending be in constant contact with my school? 5. will my school be paying for an amount towards the program? (HRM school district ) 6. in canada i obviously receive taught different methods than France so when i go back to canada for grade 10 how will i be able to receive caught up on what i have missed for a full year?? 7. Will my host family be there for me? (Medical wise) 8. Will i be able to go to a school there that has every english classes but also teaches french?? 9. will i be able to go there for a full semester but leave maybe 1 week into school?? 10. what program would you recommend for me to join for the program?? 11. will this be a good experience for me? 12. will i be able to receive a host family that speaks english? 13. Will i be aloud to join a sport out side of school during the semester? 14. will i become bilingual since i will be living in a different environment that speaks a different language? 15. Anything else i should know about "studying aboard" (additional information) 16. GPA??? 17. do i have to sign up for the program a year earlier Once again sorry for so many questions, i have been doing a lot of re-search and i have tried my hardest to contact my school and receive info but its just not working.. i already know that thousands of people have done this program so they might have better information than a website. Thanks.

Open Question: Does anyone know good money changers in Bangalore? I need to convert Singapore Dollars to Rupees.?

July 28, 2010 at 6:07 am • 

I am visiting India for a trip, and I was wondering if there are money changers in Bangalore where I can receive a good exchange rate for Singapore Dollar to Indian Rupees. I am looking to exchange around S$3000 to INR. The places I contacted are offering 33Rs for 1S$. This is a bit low considering that the current market rate is around 34.4Rs for 1S$. I am looking for exchange rate of around 34Rs for 1S$. Any contacts or help will be appreciated.

Open Question: U.S. net capital outflow?

July 28, 2010 at 5:25 pm • 

(A) is a source of the supply of loanable funds, and the source of the supply of dollars in the foreign exchange market. (B) is a source of the supply of loanable funds, and a source of the demand for dollars in the foreign exchange market. (C) is a part of the demand for loanable funds, and the source of the supply of dollars in the foreign exchange market. (D) is a part of the demand for loanable funds, and a source of the demand for dollars in the foreign exchange market.

Open Question: In the open-economy macroeconomic model, the demand for dollars shifts right if at any given exchange rate?

July 28, 2010 at 5:22 pm • 

a.foreign residents want to buy more U.S. goods and services. b.U.S. residents want to buy fewer foreign goods and services. c.Both A and B are correct. d.None of the over is correct.

Open Question: Xbox 360 Arcade Want To Exchange?

July 28, 2010 at 12:52 pm • 

I Bought The Arcade at target And I Wanted To Know If i can exchange my xbox again cuzz i already exchanged it but this time i wanna receive a gift card or receive the pro for 100 dollar more !!!!!

Open Question: Can I exchange all my foreign coins for US dollars?

July 28, 2010 at 11:19 pm • 

I have a box full of foreign coins from China, Hong Kong, Singapore, Canada, and France. Is there anywhere I can exchange these for US dollars? I do not think I'll be traveling to these places for a long while.

Open Question: What is the US dollar exchange rate for 0,23 euro cents?

July 28, 2010 at 11:16 pm • 

I am getting something for 32usd, and a company is saying that i can receive the same thing for between 0,23 and 0,28 euro cents. Every time i convert it, a receive around 32 dollars. the company says that this is too much. Should i be putting a decimal point in place of the comma, and what would the dollar amount be for this rate?

Open Question: Salesman at verizon absolute d-bag and biggest jerk?

July 28, 2010 at 10:15 pm • 

So i am really upset because my 3rd phone ive ever had broke a month ago and i couldnt replace it until today. now im on my 4th. unfortunately because the last 2 i bought broke quick. the first lasted 2 years.. anyway, i went into verizon hoping for a good salesman and good customer service that would help me pick a phone since i was torn between 2 phones: the droid (original) and the samsung reality. the whole time the man kept rushing me and when i talked and asked questions his eyes glazed over or he would look away from me. My mom went in with me cuz im 19 and on a family plan since its easier and cheaper for everyone. The whole time he kept pulling her aside to ask her which phone I should receive..which was so rude cause i was there to PAY on my possess for my possess phone..she wasnt even the customer. I overheard him saying to her: She probably shouldn't receive the droid because it will use up the 100 dollar credit on the account, that you could be using for yourself, to receive the droid for 50 dollars. This man had no understanding that i was willing to pay the 150 2-year upgrade rate. He ASSUMED i was using my family plan's credit that my mom had gotten. Then he started criticizing me saying stuff like " IS SHE EVEN IN SCHOOL?" What the hell does that even mean?? someone please tell me! Anyway he basically made me feel so shitty i ended up buying the samsung phone when I really wanted the droid. Should I go back and try to exchange the phone and pay the few extra dollars for the droid if i can receive my money back? that was absolutely rediculous. I dont even care if i have the droid anymore. This phone i got is impossible.. every the calls are so silent and static -like i cant hear what people are saying.. it sucks. Im 19 and in the middle of college. i stay on a family plan cuz its cheaper for my family and its convenient. When i pulled out my credit card the guy looked pretty freaked out. Ha. Bet he feels like a dumb a*s now. and for the record. im in college (going into pharmacy school from community college) and yes..i have a full time job.

Resolved Question: Options contracts under 100 shares?

July 27, 2010 at 8:12 pm • 

Is there any exchange where you can trade "mini" options contracts; that is, contracts that involve fewer than 100 shares? For example, sites like Sharebuilder allow you purchase partial shares of expensive stocks like Google? I am interested in writing covered calls but don't necessarily want to invest tens of thousands of dollars into a particular stock in order to do so. I am referring to selling, not buying, calls.

Open Question: where can i get the best exchange from pounds to CDN dollars as online gives me a 1.60 natwest gives me 1.49?

July 27, 2010 at 6:20 am • 

should i exchange at the airport in uk or Canada or my bank

Open Question: What is the current fashion in France?

July 27, 2010 at 5:57 pm • 

Ok, so i'm going on exchange this year to france, and due to the bad exchange rate of the dollar to the euro, i'm hoping to buy a few outfits for me to wear over in france the first few weeks while i'm still in america. i plan to go shopping eventually to buy some clothes in france. does anyone know what fashions are big in france right now? my sister just came back from exchange in france and she told me stripes are big right now, but what else?

Open Question: What is the exchange rate of Sand Dollars to US Dollars?

July 27, 2010 at 3:39 pm • 

Open Question: 2000 Lire Duemila is worth in US money?

July 27, 2010 at 2:13 pm • 

Currency exchange rate in dollars and cents

Open Question: Does ISIC card really save on exchange rate commission?

July 27, 2010 at 2:05 pm • 

If I change over 1000 dollars to euros, will I keep enough on the commission to warrant the 22 dollars?

Resolved Question: how much is it in US Dollars?

July 26, 2010 at 8:57 pm • 

the foriengn exchange rate converting US dollars to thai bhat is 37 bhat per dollar. if a meal cost 240 bhat, how much is it in US dollars

Open Question: do you need a license to sell life insurance policy in USA?

July 26, 2010 at 5:59 pm • 

A person from my country is visiting here and is selling life insurance policies to American residents with policies with benefits being payable in the currency of my country. Premiums will be paid in dollars via foreign exchange. Is this proper and or legal.

Open Question: INTERNATIONAL FINANCE: 20 MULTIPLE CHOICE?

July 26, 2010 at 5:50 pm • 

1. An asset whose value is derived from the value of some other underlying real or financial asset best describes a(n) Financial instrument. Property, plant, and equipment. Derivative security. Current assets. 2. Which of the following best characterizes globalization? Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries. Can threaten the economic independence of nations and their cultural traditions. Is largely regulated by treaties and other multilateral agreements below the direction of the United Nations’ project on transnational corporations. Only statements a and b are correct. 3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will Appreciate against the U.S. dollar. Depreciate against the U.S. dollar. Remain unchanged against the U.S. dollar. Appreciate against other major currencies. 4. What is the common currency of the EMU? U.S. dollar. British pound. Euro. French franc. 5. As a counterargument against the prevailing theory of international trade in the tardy 18th century, Adam Smith expounded a new theory that today we call The theory of comparative advantage. The theory of mercantilism. The theory of absolute advantage. The theory of product life cycles. 6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive? Seeking political safety. Seeking production efficiency. Seeking input resources. Seeking markets. 7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance? The company issued new common stock. The company issued new long-term debt. The company paid off some of its assets. The company purchased a lot of new fixed assets. 8. Which of the following statements is most correct? Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated. Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held. A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds. Only statements a and b are correct. 9. Regarding translation methodologies, which of the following statements are correct? The current spot exchange rate is always used to translate monetary assets and liabilities in every permitted translation methods. Equity accounts are always translated at a weighted average historical exchange rate in every permitted translation methods. The current rate method for translating financial statements almost always results in a net asset exposure. every of the statements over are correct. 10. Eurobonds differ from foreign bonds in every the following ways except Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets. Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded. Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower.

Open Question: International finance homework help?

July 26, 2010 at 2:06 pm • 

1. COMPLETE WITHIN 1 HOUR 30 MINUTES ONLY 2. ONLY POST CORRECT RESPONSE 1. An asset whose value is derived from the value of some other underlying real or financial asset best describes a(n) Financial instrument. Property, plant, and equipment. Derivative security. Current assets. 2. Which of the following best characterizes globalization? Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries. Can threaten the economic independence of nations and their cultural traditions. Is largely regulated by treaties and other multilateral agreements below the direction of the United Nations’ project on transnational corporations. Only statements a and b are correct. 3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will Appreciate against the U.S. dollar. Depreciate against the U.S. dollar. Remain unchanged against the U.S. dollar. Appreciate against other major currencies. 4. What is the common currency of the EMU? U.S. dollar. British pound. Euro. French franc. 5. As a counterargument against the prevailing theory of international trade in the tardy 18th century, Adam Smith expounded a new theory that today we call The theory of comparative advantage. The theory of mercantilism. The theory of absolute advantage. The theory of product life cycles. 6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive? Seeking political safety. Seeking production efficiency. Seeking input resources. Seeking markets. 7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance? The company issued new common stock. The company issued new long-term debt. The company paid off some of its assets. The company purchased a lot of new fixed assets. 8. Which of the following statements is most correct? Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated. Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held. A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds. Only statements a and b are correct. 9. Regarding translation methodologies, which of the following statements are correct? The current spot exchange rate is always used to translate monetary assets and liabilities in every permitted translation methods. Equity accounts are always translated at a weighted average historical exchange rate in every permitted translation methods. The current rate method for translating financial statements almost always results in a net asset exposure. every of the statements over are correct. 10. Eurobonds differ from foreign bonds in every the following ways except Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets. Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded. Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower. 11. Carsten Motors has just paid a dividend of $1.50. If the expected long-run constant growth rate for this stock is 7 percent, and if investors require an 11 percent rate of return, what is the price of the stock? $37.50 $40.13 $42.59 $44.81 12. Thomas Furniture is expected to pay a dividend of $1.75 next year. If the expected long-run constant growth rate for this stock is 5 percent, and if the current market price is $43.75, what rate of return do investors require for the stock? 8% 9% 10

Open Question: International Finance Help?

July 26, 2010 at 2:01 pm • 

1. An asset whose value is derived from the value of some other underlying real or financial asset best escribes a(n) Financial instrument. Property, plant, and equipment. Derivative security. Current assets. 2. Which of the following best characterizes globalization? Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries. Can threaten the economic independence of nations and their cultural traditions. Is largely regulated by treaties and other multilateral agreements below the direction of the United Nations’ project on transnational corporations. Only statements a and b are correct. 3. If the inflation rate in the United States is greater than the inflation rate in Canada, other things held constant, the Canadian dollar will Appreciate against the U.S. dollar. Depreciate against the U.S. dollar. Remain unchanged against the U.S. dollar. Appreciate against other major currencies. 4. What is the common currency of the EMU? U.S. dollar. British pound. Euro. French franc. 5. As a counterargument against the prevailing theory of international trade in the tardy 18th century, Adam Smith expounded a new theory that today we call The theory of comparative advantage. The theory of mercantilism. The theory of absolute advantage. The theory of product life cycles. 6. If a country decides to locate facilities in a country like Bermuda, what is its most likely motive? Seeking political safety. Seeking production efficiency. Seeking input resources. Seeking markets. 7. Last year, Moss Receiving Inc. had positive net cash flow, yet cash on the balance sheet decreased. Which of the following could explain the company’s financial performance? The company issued new common stock. The company issued new long-term debt. The company paid off some of its assets. The company purchased a lot of new fixed assets. 8. Which of the following statements is most correct? Holding foreign stocks in one’s portfolio affords greater diversification potential because the stock market returns in different countries are not perfectly correlated. Exchange rate risk could be a significant issue if a portfolio is internationally diversified, particularly when shares from only a few countries are held. A world market index and a global risk-free rate should be used to evaluate internationally diversified portfolios. These can be proxied by using the Morgan Stanley Capital International global index and the required return on long-term United Nations bonds. Only statements a and b are correct. 9. Regarding translation methodologies, which of the following statements are correct? The current spot exchange rate is always used to translate monetary assets and liabilities in every permitted translation methods. Equity accounts are always translated at a weighted average historical exchange rate in every permitted translation methods. The current rate method for translating financial statements almost always results in a net asset exposure. every of the statements over are correct. 10. Eurobonds differ from foreign bonds in every the following ways except Eurobonds are traded in international capital markets but foreign bonds are traded in domestic capital markets. Eurobonds are denominated in a currency other than the one used as a money unit in the countries in which it is traded but a foreign bond must be denominated in the money unit of the country in which it is issued Both eurobonds and foreign bonds are underwritten by international consortia of investment banks from the countries in which they are traded. Eurobonds are international in many different ways but the only thing “foreign” about foreign bonds is the nationality of the borrower. 11. Carsten Motors has just paid a dividend of $1.50. If the expected long-run constant growth rate for this stock is 7 percent, and if investors require an 11 percent rate of return, what is the price of the stock? $37.50 $40.13 $42.59 $44.81 12. Thomas Furniture is expected to pay a dividend of $1.75 next year. If the expected long-run constant growth rate for this stock is 5 percent, and if the current market price is $43.75, what rate of return do investors require for the stock? 8% 9% 10% 11% 13. Which of the following statements is correct? A company wi

Open Question: What did we get in exchange for Obama's trillion dollar stimulus package?

July 26, 2010 at 1:57 pm • 

Why is the unemployment rate STILL at 10% after over a year? Or is this the part where liberals try to convince me that things would be "a lot worse" despite having no measurable way of proving it?

Open Question: Best way for U.S. travelers to exchange monies in Australia, debit, credit, or take U.S. dollars.?

July 26, 2010 at 10:46 am • 

Open Question: Can you go to a bank with a bunch of coins and ask to exchange it in dollar bills?

July 26, 2010 at 10:21 pm • 

I'm not sure what category this falls into so I'm just going to keep clicking on to the next one.

Voting Question: best currency to exchange in Malaysia?

July 25, 2010 at 1:29 pm • 

It is better to take sterling or dollars to exchange in Malaysia

Open Question: Microsoft has a monopoly in the Windows operating system. It is the only firm that can produce, sell, a?

July 25, 2010 at 11:56 pm • 

Microsoft has a monopoly in the Windows operating system. It is the only firm that can produce, sell, and distribute the operating system to authorized redistributors throughout the world. The demand for Windows in the United States is very inelastic, due to stringent copyright laws, enforcement, and lack of close substitutes. The demand for Windows in Asia is relatively elastic due to lack of copyright enforcement and the existence of substitutes (that is, illegal copies of Windows and the growth in the popularity of the Linux operating system). Assume that Linux is not considered a substitute in the United States. Assume that the marginal cost is constant at $10 per copy of the Windows operating system in both the United States and Asia. For simplicity, ignore the exchange rates and assume that every prices are in U.S. dollars. 7.3. Which of the following conditions must hold for Microsoft to price discriminate effectively? I. Microsoft must be a price maker (price setter). II. Microsoft must be able to segment U.S. and Asian customers based on price elasticities of demand. III. Microsoft must be able to prevent resale of Windows. IV. The marginal cost to produce Windows must be greater in the United States than in Asia. A. I, II, and III only B. I and II only C. II, III, and IV only D. II and III only E. I, II, III, and IV

Voting Question: How much is a two dollar note worth?

July 24, 2010 at 7:44 pm • 

I have an Authentic legal tender, united states of america two dollar note, and it says on the case world reserve monetary exchange, how much is that worth series 2003 a it says florida washington d.c

Resolved Question: How do I convince my mom to let me lease a horse?

July 24, 2010 at 6:28 pm • 

I found someone who's willing to let me lease their horse in exchange for work an 100 dollars a month. It would be a half lease so I would be riding about 3 days a week. I can make every the money working in the cafeteria during lunch and my dad offered to pay for the insurance of the horse. How do I convince her to let me do it. She hasn't told me why she doesn't want me to lease. At first she said it was too expensive but I'm going to be paying so I don't receive it.

Voting Question: Suppose the United States and Brazil sign a free trade agreement. If real interest rates increase in the Unite?

July 24, 2010 at 5:13 pm • 

Suppose the United States and Brazil sign a free trade agreement. If real interest rates increase in the United States but not in Brazil, which of the following will be true of Brazilian capital flow, exports, and the value of the Brazilian real? Capital Flow / Exports / Value of Brazilian Real a Inflow / Increase / Depreciate. b Inflow / Decrease / Appreciate. c Outflow / Increase / Appreciate. d Outflow / Decrease / Appreciate. e Outflow / Increase / Depreciate. 2. When the U.S. dollar appreciates against the Rusian ruble, then a American tourists who travel to Rusia will benefit from the new exchange rate. b Rusian oil is more expensive for American consumers. c the Rusian government will purchase more American wheat. d American jewelers will import les gold jewelry from Rusia. e Rusian workers in American owned factories will receive a lower wage. 3. Suppose interest rates fall in the United States, but they don’t fall in other nations. What is the impact on the flow of financial capital, the value of the U.S. dollar, and U.S. net exports (based on the changing value of the dollar)? Capital Flow / Value of the U.S. dollar / Net Exports a Inflow / Appreciate / Increase b Inflow / Appreciate / Decrease c Outflow / Depreciate / Decrease d Outflow / Depreciate / Increase e Outflow / Appreciate / Decrease

Voting Question: Exchange Rate Conversion (dollars to rupees for GDP)?

July 24, 2010 at 4:54 pm • 

I'm trying to convert India's GDP data from dollars to rupees. I have Market Rate (Period Avg.) for each year, so how do I convert it using that? Thanks

Voting Question: How can I make $200 a week?

July 24, 2010 at 12:17 pm • 

Okay, My dream is to go on an exchange student trip. Leaving hopefully this January. I can receive half of the total cost from family and whatnot, which leaves me with a $4500 bill. So if I can earn $200 dollars a week I can meet my goal. I'm not yet 16 SOO finding a part time job other than babysitting, lawn mowing Ext. is close impossible. And those jobs aren't in very high demand where I live. I'm trying to organize a garage sale and that nice of stuff, NEED HELP! Thank you!

Resolved Question: When to exchange pound sterling to dollars?

July 23, 2010 at 4:12 am • 

The exchange rate is looking pretty good now, but I have right up until September 1st before my trip. Exchange now or wait and wish the rate gets better rather than worse, what would you do?

Resolved Question: Is this what Obama meant about change?

July 23, 2010 at 12:38 pm • 

China may switch to currency basket for forex rate Central bank official suggests move away from dollar as benchmark LOS ANGELES (MarketWatch) -- A top Chinese central bank official suggested switching away from the U.S. dollar as a benchmark for the yuan's foreign-exchange rate, switching instead to a basket of currencies, according to remarks published Thursday. http://www.marketwatch.com/story/china-may-link-yuan-trade-to-currency-basket-2010-07-23

Resolved Question: Can anyone give me an idea on how much it would cost to do a foreign exchange program?

July 23, 2010 at 11:30 pm • 

What is the cheapest? I hear Rotary is a good one, but I hear you normally do not receive your first choice on where you'd like to go. I really want to go to South Korea. I'm currently looking at YFU & it's around 5-10 thousand dollars. >.> Is that every paid at once? That's a lot...

Voting Question: Why did the liberal buddy who ran Fannie and Freddie into the ground walk with 90 million dollars?

July 23, 2010 at 11:15 am • 

Franklin Rains should be in prison, not getting a free pass! The guy walked out of that bank with 90k? And govt says nothing! Fannie and Freddie have destroyed the ECONOMY and not even mentioned in Obama reform bill he passed this week! You think Obamas favorite word is DESTROY? Frank Rains is also involved in the Soros- Obama Chicago Climate Exchange. So is Al Gore and Goldman Sacs- This is every about money and power for the bad leftist greedsters!

Resolved Question: Americans! There are good business for you, from the Russian (inside)?

July 22, 2010 at 5:56 pm • 

Alaska to sell us and we pay you your world debt 13 000 000 000 000 We have cash dollars euro, and oil by that amount =) Also, we are ready to buy Texas Arizona and Philadelphia =) This will help you to avoid economic collapse and a new civil war What do you say? Sell you agree? (Reminder-cash and oil, we have to pay - ---- if you want we can buy 100% of your territory and you'll be part of Russia =) your sorry you will need to learn the Russian language =) -yes forgot! We can offer you the 3000 modernization of tanks T-80 together with the crew and their families, in exchange for Hawaii =) M1A2's. - в бокfired an RPG 7 in the side of the old American tank-forever to calm him down and turned into a pail with a hole =) just shooting a machine gun in the feed-disable engine for the tower =) this shit and not tank))) to a tank battle on the territory as Russia is siert for the crew-he was bogged down in a swamp)))... christia... иди нахуй! лох!

Open Question: Where can I exchange foregin currencies in Maryland?

July 22, 2010 at 5:11 pm • 

I have foreign currency from India, and I want to convert it into USA dollars. Where can I go to change the Rupees into USA dollars?

Resolved Question: Which Latin American country is the safest to take a total immersion spanish class?

July 22, 2010 at 2:12 pm • 

I'm interested in antiguities as opposed to rain forests or beaches. The exchange rate for the US dollar is a factor as well. I was interested in Spain but the Euro is climbing. I considered Peru until I read the US State Dept. report. Where can I go that's safe and affordable?!

Voting Question: PS3 Red Screen Help??? :(?

July 22, 2010 at 10:53 pm • 

Ok guys today i when gamestop and bought 80gb ps3 for over 300 dollars when i got home i turn it on i found out had the red screen. I when back gamestop and ask to return it or at least receive a differ one and exchange this one because they had given me a broken one or refund. They was like u cant return open items at gamestop and woulded take it. What a b*tch!!! f*ck gamestop. Now im stuck with this red screen and dont know how fix it. somebody please help. :(

Resolved Question: Help me to find an escape...please!?

July 21, 2010 at 9:04 pm • 

Last year because of my dad's job lost we moved to a new place where he found new work. I began going to another school with wish of making new friends. A year has passed and I'm still at point 0, I have no friends, no one who really wants to be around me and I'm alone. I need an escape out of here, for there is nothing here for me. I'd like to do an exchange program but money is always an issue for my family. How can I receive away from here without spending thousands of dollars?

Resolved Question: Do you think the British pound will weaken compared to the US dollar anytime this week?

July 21, 2010 at 7:09 pm • 

I'm going of the exchange rate and I know recently it's jumped up a little but was wondering if buying something now in American Dollars converted to British pound is better or holding off until later this week is better? Thank you.

Resolved Question: If the united states bailed out bankrupt european economies, would that strengthen the euro substantially?

July 21, 2010 at 3:49 pm • 

I say that because the U.S. would be demanding so many Euros to exchange dollars for, to loan them the money (this is every very hypothetical of course, and I'm thinking more about the exchange rate than anything else). Also, are they any other pros and cons to doing this besides + you might make a whole bunch of money on the deal and - you'll boost the Euros currency position even higher relative to the dollar? If you've studied economics, you'd understand that when the U.S. lends money to another country, like the Mexico bailout in the Clinton Administration, the U.S. would have to exchange it's currency for the foreign countries currency (i.e. pesos, euros, whatever). When you do this, you're demanding more of that currency, and it's relative value goes up. You learn this in like intermediate Macro in college. Now, the U.S. makes money off of bailouts because they're loans. Assuming the borrower countries pays off the loan + interest, like Mexico did, the U.S. makes money off the deal. Obviously the more you lend the more you can make. Anyway, I was just wondering if there were any more pros and cons to this type of move.

Resolved Question: When you sell a stock, who do you sell it to?

July 21, 2010 at 10:36 pm • 

I know this is a dumb question but I know little about the stock exchange, so I'm trying to learn more about it so I can better predict/guess the movement of the market. So my question is: When you sell a stock, who do you sell it to? I was looking at in past news that the Treasury sold 5Billion dollars worth of stock in CitiGroup. Do they sell that back to the company? So when I sell some stock from Citi Group, CitiGroup dishes the money out?