“Some of the financial techniques and strategies are necessary for the efficient operation of an international business.

[answerhappygod]

“Some of the financial techniques and strategies are necessaryfor the efficient operation of an international business. Problemsinherent to these firms include multiple currencies, differinglegal and political environments, differing economic and capitalmarkets, and internal control problems. The difficulties arisingfrom multiple currencies are stressed here, including thedimensions of foreign exchange risk and strategies for reducingthis risk.” Elucidate. (1000 Words)