Ch 1: Foundations of International Finance

About This Chapter

Look at this chapter to discover details about the foundations of international finance, such as key terms, related legal concerns, and the standards of financial practices. These lessons can help you prepare for an exam, catch up on missed work, or complete an assignment.

Foundations of International Finance - Chapter Summary

This chapter covers the foundations of international finance. You'll explore trade policy, accounting principles, the tax structure of corporations, and other key global finance topics. Each lesson comes with a corresponding quiz to help you verify how well you are absorbing this information. These quizzes test your knowledge of concept applications, definitions, true statements, problem-solving strategies, and more. Once you have gone through the entire chapter, you will possess the knowledge to do the following:

  • Describe the globalization and internationalization of businesses
  • Identify major developments and trends in international business today
  • Analyze key examples of currency trading
  • Explain the history of the gold standard
  • Define the GAAP
  • Point out how modern corporations interact with stakeholders
  • Appraise the liability of corporations and the current tax structure
  • Compare the characteristics of democracy, pluralism, and capitalism
  • Assess the economic and political systems within global businesses
  • Summarize U.S. trade policy and intellectual property rights
  • Classify the types of entrance barriers in economics
  • Detail the role of international trade organizations in global trade

7 Lessons in Chapter 1: Foundations of International Finance
Test your knowledge with a 30-question chapter practice test
Internationalization & Globalization of Businesses

1. Internationalization & Globalization of Businesses

When companies decide to do international business, they have a wide variety of methods they can use to actually enter the market. This lesson will discuss those different methods and analyze how they work in an international context.

Major Trends & Developments in International Business

2. Major Trends & Developments in International Business

Entire courses - even entire college degrees - exist to teach people the complexities of international business. While this lesson is just an introduction, it will discuss important trends that are shaping the world's economy.

The World Bank, IMF & Other International Banking Organizations

3. The World Bank, IMF & Other International Banking Organizations

International banking and financial organizations exist to encourage economic and financial stability, help facilitate trade, and help with economic development. In this lesson, you'll learn about some of these important organizations.

U.S. Trade Policy & Law

4. U.S. Trade Policy & Law

American industries depend upon the government for protection against imports and to promote domestic exports. In this lesson, you will be exposed to an overview of U.S. trade policy and law.

International Trade Organizations and Trade Agreements

5. International Trade Organizations and Trade Agreements

International trade organizations and trade agreements have enormous power in the global trade environment. In this lesson, you will learn about the roles of the GATT, NAFTA, and the World Trade Organization.

The World Trade Organization: Definition, History, Purpose & Members

6. The World Trade Organization: Definition, History, Purpose & Members

Find out what the World Trade Organization is and what it hopes to accomplish. Learn about the history of this organization and who some of the current members are.

International Trade in the 1990s and Beyond

7. International Trade in the 1990s and Beyond

On the news, we often hear terms like globalization, NAFTA, and WTO thrown around. But what do those ideas and groups really mean for us? This lesson serves to shed some light on the state of international trade.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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