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1) the free trade area of the americas that was established in 2005 has thus far proven to
be a success.
2) great britain, germany, and france have led the push toward a euro zone in the eu.
3) in a turnkey project, the contractor agrees to handle every detail of the project for a
foreign client.
4) according to lessard and lorange, the ending rate is the spot exchange rate forecast
for the end of the budget period.
5) the institutional arrangements that govern exchange rates are referred to as the
international monetary system.
6) a common hybrid of a quota and a rent is known as a quota rent.
7) a manager might be sent on several foreign postings over a number of years to build
his /her cross-cultural sensitivity and experience as part of a management development
program.
8) a foreign debt crisis refers to a loss of confidence in the banking system that leads to
a run on banks.
