You are the Chief Financial Officer of a company that operates in almost two dozen countries around the world: in Europe,Central and South America,and Asia.You manufacture your product (which is used in the auto industry)in many countries,and also sell them in the same countries as well as others: all in the regions described above.You also import items from many countries,for use in your manufacturing process.
An idea that has been raised in the past among some Canadian economists and businesses is whether to abandon the Canadian dollar and just use the U.S.dollar.Their arguments centre around the degree to which our two economies are integrated,the reduction in costs and the greater price transparency and ease of trade.What is your position on this? Explain.

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The Answer of You are the Chief Financial Officer of a company that operates in almost two dozen countries around the world: in Europe,Central and South America,and Asia.You manufacture your product (which is used in the auto industry)in many countries,and also sell them in the same countries as well as others: all in the regions described above.You also import items from many countries,for use in your manufacturing process.
An idea that has been raised in the past among some Canadian economists and businesses is whether to abandon the Canadian dollar and just use the U.S.dollar.Their arguments centre around the degree to which our two economies are integrated,the reduction in costs and the greater price transparency and ease of trade.What is your position on this? Explain.

You Are the Chief Financial Officer of a Company That