Strategies for Effective Global Communication Include

question 29

Multiple Choice

Strategies for effective global communication include

• A) communicating by telephone instead of e-mail or postal mail.
• B) using a translator when speaking to a person whose English is a second language.
• C) learning about other cultures and applying what you learn.
• D) avoiding use of any words in a language other than your own to avoid being incorrect.

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Definitions:

Uncovered Interest Parity

A financial theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between those countries' currencies.

Forward Exchange Rate

The rate agreed upon for exchanging one currency for another at a future date.

Spot Exchange Rate

The immediate rate at which one can purchase or sell currency for on-the-spot delivery.

London Interbank Offer Rate

LIBOR; a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans.