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Chapter 3


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Chapter 3

  1. 1. Chapter 3 Jordan May Block 3
  2. 2. Balance of Trade <ul><li>Balance of trade is the balance of a country’s total exports and total imports </li></ul><ul><li>the balance of trade is important because it says weather a country is in debt </li></ul>
  3. 3. Exchange rate <ul><li>The exchange rate is the value of a currency in one country compared with the value in another </li></ul><ul><li>1 US Dollar = 91.85251 Japanese Yen </li></ul><ul><li>1 US Dollar = 14.51009 Mexican Peso </li></ul><ul><li>1 US Dollar = 35.01084 Russian Rouble </li></ul>
  4. 4. Exchange Rate Factors <ul><li>Three factors that effect the exchange rate are </li></ul><ul><ul><li>Economic conditions </li></ul></ul><ul><ul><li>Political stability </li></ul></ul><ul><ul><li>Balance of payments </li></ul></ul>
  5. 5. Geography <ul><li>Geography is important because there are ways that are faster and cheaper to go than other ways. </li></ul>
  6. 6. Cultural Influences <ul><li>Some major cultural influences are language, religion, customs, traditions, and food </li></ul>
  7. 7. Balance of Trade <ul><li>India- -7,095.4 </li></ul><ul><li>China- -266,332.7 </li></ul><ul><li>Australia- 11,874.4 </li></ul><ul><li>Europe- -107,239.9 </li></ul>