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FIN Unit1 - Individual Project
Finance & Accounting
Pages 5 (1255 words)
FIN Unit1 - Individual Project Introduction The ACME group is one of the leading energy management organizations. The organization provides innovative solutions for the alternate energy and telecommunication sectors. The organization provides energy efficient, cost effective and environmental friendly green technological solutions that are capable of providing quick return on investment (ACME, 2011).
The proposal will consider each country’s trade policies, currencies and culture. Turkey and Italy: Review This part of the assignment will discuss about the currency, trade policy and culture of a turkey and Italy. Currency of two countries: Advantages and Disadvantages Italy is the member of European Union. Euro is the currency of Italy. This currency has both advantages and disadvantages. The advantages of this currency outweigh the disadvantages. Euro is the single currency between the members of European Union. It eradicates the need of currency exchanging between Economic and monetary members. Economic and Monetary members saved an average of 30 billion US dollar in a year by switching to this currency. Elimination of volatility of currency exchange rate between the members of European Union is another advantage of Euro. On the other hand, switching to a single currency forced the members of European Union to give up their rights to the change of monetary and economic policies. It is the major disadvantage of Euro. Despite the disadvantage, the members of European Union made it easy to sell and purchase the goods cross borders. Moreover, the lending and borrowing become easy through the concept of this single currency. ...
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