1. Write a paragraph describing what excange rates are and how they impact the flow of goods and services in the world economy.
2. What’s LIBOR? Why is it so popular for determining various loan rates?
3. If you were a value investor, you would be someone searching for undervalued stock by analyzing firms’ financial data and forming an estimate of the ‘true value’ of their stock. Present a problem that might arise in adopting a value-investing strategy.