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Describe the impact of a global currency

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Reference no: EM132897996

The objective of this assignment is to describe the impact of a global currency on the world.Discussion Topic

The use of different national currencies creates a barrier to further growth in international business activity due to conversion costs and exchange-rate risk.

  1. What are the pros and cons, among companies and governments, of replacing national currencies with a global currency?
  2. Who (in your opinion) would manage a global currency?
  3. How would this be implemented throughout the world?
  4. What would the currency be? Would it align with a specific country?
  5. What are the risks associated with a global currency?

Reference no: EM132897996

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