ndividualGlobal Financing and Exchange Rate Mechanisms Choose one of the following topics. Prepare a 1,050- to 1,750-word paper in which you analyze one of the following global financing and exchange rate topics:ú Purchasing power parity and the Big Mac indexú Currency hedgingú Hard and soft currenciesú Countertradeú Financing via letters of credit and EXIM Bank and commercial banksú Tariff and nontariff barriersú Roles of international financial institutions (e.g. IMF, World Bank, ADB, etc.)ú Euro currency marketsDefine your selected topic.Explain how your topic is used in global financing operations and describe its importance in managing risks.Format your paper consistent with APA guidelines.
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