Describe the different levels of regional economic integration.
- Understand the economic and political arguments for regional economic integration.
- Explain the history, current scope, and future prospects of the world’s most important regional economic agreements.
- Describe the functions of the foreign exchange market.
- Understand what is meant by spot exchange rates.
- Recognize the role that forward exchange rates play in insuring against foreign exchange risk
- Maximum word limit: 250 words.
