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After reading your assigned readings on international monetary policy in this unit, visit the global beverage company of your choice.Note the number of different countries that this firm operates in and consider the different currencies involved in the daily operation of this global business.
Respond to the following questions:
1. Why would businesses like your chosen global beverage company require the central management of all of thesevarious currencies by a central authority like the International Monetary Fund?
2. Without such central oversight, what could happen to firms like your chosen global beverage company in the event of a sudden overnight dramatic shift in the value of several countries currencies?
3. Although our Zip-6 scenario firm operates in far fewer markets, would it still be impacted by these same shifts in countries currency valuation? Why or why not?
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