United States Dollar and Foreign Currency Information

1014 WordsSep 11, 20135 Pages
ESmith Assignment 10: National and Global Finance (16.0 points) 1. Choose an example of a type of new company you could start, and then use this company idea to answer the questions below. You might choose a pet store, a restaurant, a tutoring business, or something else. This can be the same type of company you chose in assignment 8 or 9, or it can be different. a. Describe the type of business you chose. (1-2 sentences. 0.5 points) * The type of business I would start would be for family or friends gatherings. This business would be place people come to eat and social, a nice, warm environment. b. Describe at least two ways in which the local, state, or federal government would have an impact on your business. (2-4…show more content…
(1-2 sentences. 0.5 points) * Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity. 8. Describe at least two products that are commonly exported from the United States to other countries. (1-2 sentences. 0.5 points) * Products that are commonly exported from the United States are things such as medicines, aircrafts, and cars. These are products are also important to humanity of different countries. 9. Why does the U.S. government encourage U.S. companies to sell their products in other countries? Explain how this helps the U.S. (2-4 sentences. 2.0 points) * So companies can increase company revenue and be able to dominate international markets in order to establish more stores and spread product around. A good example is McDonalds, they are everywhere. This helps the US because in revenue allows a company to keep its base in the US, increase the national gross product, drive consumer activity, keep jobs, and increase the export business, which goes along with jobs. 10. Find the value of one U.S. dollar in a foreign currency. You might choose the Euro, the Japanese Yen, the Canadian dollar, or another currency. List the type of currency and the current value of the U.S. dollar in that country. (1.0 points) TIP: http://www.google.com/finance/converter is a good resource for foreign currency information. * Here is a good resource for foreign currency

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