Explain How Information Technology Impacts Individuals, Organizations, and the World

question 12

Short Answer

Explain how information technology impacts individuals, organizations, and the world. Support your answer with concrete examples.

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Definitions:

Exchange Rate Risk

The potential for financial loss due to fluctuations in the exchange rate between two currencies.

Cross-Rate

An exchange rate between two currencies derived from their respective relations with a third currency.

Foreign Currency

Money or legal tender issued by a country that is not the domestic currency where a particular transaction is taking place.

Exchange Rates

The rate at which one currency is exchanged for another, indicating the quantity of one currency that can be traded for another.