The document discusses key concepts related to international trade and finance including balance of trade, exchange rates, and factors that affect exchange rates. It also briefly touches on the influence of geography and culture on international business. Specific examples provided include the exchange rates between the US dollar and currencies of Mexico, Russia, and Japan as well as US balance of trade figures with Australia, India, China, and Europe.

1. Collin Fidler 3 rd Block Balance of trade is the difference between a country’s total exports and total imports. This is so important because it shows what a country is producing and buying.

2. Exchange Rate - Value of currency in one country compared with the value in another Exchange currency with: Mexico- I dollar=14 pesos Russia- 1 dollar=44 rubles Japan- 1 dollar=117 yen

3. Factors Effecting Exchange Rate The country’s balance of payments Economic conditions Political Stability

4. Geography Geography is important when doing business internationally because very hot weather can limit types of crops. Also a nation with many rivers or oceans can make foreign trade easier. Without natural recourses some countries must receive imports.

5. Cultural Influence Culture is the behaviors of customs and values of a society. The factors that can make business hard is the difference of religion, language, values, customs, and social relationships

6. U.S. Balance Of Trade With: Australia- 11,874.4 India- -7,095.4 China- -266,332.7 Europe- -107,239.9