Wal-Mart and Foreign Exchange Rates
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Wal-Mart prices its products in its American stores in terms of American dollars, but prices its foreign products in terms of the currencies of the countries in which they are being sold. The same goes for how the company pays its workers - they are paid in the currency of the country in which they work. Suppliers are normally paid in the currency of the country they are supplying from. The supplier is then responsible for paying its suppliers in a foreign currency, if they are abroad. This is particularly pertinent in the case of Wal-Mart, which must necessarily sell many goods that are imported from countries where goods can be more cheaply produced in ord
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Approximate Word count = 448
Approximate Pages = 2 (250 words per page)
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