What is the one mistake made more often than any other in international financial management?
A)Jumping into international financial management without understanding the cultures abroad
B)Poor management decisions in times of crisis
C)Inadequate capital for international operations
D)Not correctly understanding what borrowing or investing in a foreign currency really means
E)Insufficient planning on the part of management

Question

Quizplus · Accepted Answer

Not correctly understanding what borrowing or investing in a foreign currency really means can lead to serious financial losses due to exchange rate movements. It is important to have a comprehensive understanding of foreign exchange risk before engaging in international financial management.

What Is the One Mistake Made More Often Than Any