The document discusses key concepts related to international trade and business, including the balance of trade, exchange rates between currencies of different countries, factors that affect exchange rates, the importance of geography and culture on business activity and trade. It provides specific exchange rate examples between the US Dollar, Mexican Peso, Russian Rouble, and Japanese Yen. It also lists trade balance figures for Australia, India, China, and Europe.

1. By: Krishna Polasani

2. The difference between a countries total exports and total imports is called the balance of trade. Mexico: 1 US Dollar = 14.57957 Mexican Peso 1 Mexican Peso (MXN) = 0.06859 US Dollar (USD) 1 US Dollar = 34.88094 Russian Rouble 1 Russian Rouble (RUB) = 0.02867 US Dollar (USD) 1 US Dollar = 90.23698 Japanese Yen 1 Japanese Yen (JPY) = 0.01108 US Dollar (USD)

3. The exchange rate is the value of a currency in one country compared with the value of another. Some factors that effect the exchange rate are the value of currency. Some of the other factors are balance of payments, Economic Conditions and Political Stability.

4. Geography is important when doing business because you have to see the location, climate, terrains seaports, and natural resources are important to business activity. The geography is important because it affects what the country is importing and exporting.

5. Cultures is the accepted behaviors, customs, and the values of society. A society has a strong influence on businesses. This important because you will have to know some parts of the culture your country is trading with.

6. Australia: +6.7 Billion India:-70 Billion China:-124 Billion Europe:-107 Billion