True/False questions. How to answer: type question number and corresponding letter (T or F). If you ...

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True/False questions. How to answer: type question number and corresponding letter (T or F). If you answer is F you must to explain why it is not True and provide a correct answer.   1. In a free-market-oriented foreign exchange market, major currency values are determined by the demand for and supply of currencies; this is called the fixed floating exchange rate system. 2. The Forex market consists of spot, forward, and discount markets. 3. The difference between forward and spot exchange rates reflects expectations by investors about future exchange rate movements. 4. If the dollar was expected to appreciate in the 60-day forward market against the Japanese yen, it would be selling at a premium. 5. An example of inflation is, if the amount of money in a country doubled, but the production of goods and services stayed the same, the price of all goods and services would decline by about half, assuming that other factors, such as external trade, were constant. 6. According to the law of one price, identical goods should sell for the same price in different countries according to the local currencies. 7. The International Monetary Fund (IMF) was established under the Bretton Woods Agreement to help ensure the stability of the international monetary and financial system. EXPLAIN THIS SECTION - 1. Differentiate between democracy and totalitarinism as political systems affecting global businesses. 2. Differentiate between communism, capitalism, and socialism as economic ideologies affecting global businesses. 3. Differentiate between public and private corruption and explain how they affect global businesses. 4. Explain the three primary kinds of legal systems