Describe the relative merits of fixed and floating exchange rate regimes. From the perspective of an international business, what are the most important criteria in a choice between the systems? Which system is the more desirable for an international business? (Refer to Chapter 11 of the textbook: International business: Competing in the Global Marketplace, 12th edition. Charles Hill and Tomas Hult.)
- Complete your task on a word document – minimum one page.