Preview Module 5

Geringer_InternationalBusiness

The International Monetary System and Financial Forces “ THE FUNCTION OF MONEY IS NOT TO MAKE MONEY BUT TO MOVE GOODS. MONEY IS ONLY ONE PART OF OUR TRANSPORTATION SYSTEM. IT MOVES GOODS FROM MAN TO MAN. ” —Attributed to Henry Ford in a speech at the Ford Motor Company 208 8 LEARNING OBJE CTIVE S After reading this module, you should be able to: LO 8-1 Describe the international monetary system’s history. LO 8-2 Describe today’s floating currency exchange rate system, including the IMF currency arrangements. LO 8-3 Describe the factors that influence exchange rate movement. LO 8-4 Discuss financial forces governments can exert. LO 8-5 Explain the significance of the balance of payments to international business decisions. module


Geringer_InternationalBusiness
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