financial assistance (bailout)

financial assistance (bailout)

financial assistance (bailout)

Scholarly Activity
Complete both parts of this assignment and submit as a single document.
Part One

Your company is deciding to expand to the following countries, and you and two other managers will have to visit these
countries to set up operations. You have $1,500.00 to convert in each currency. Copy and paste this table into a new
document and compute the following:

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USD value/rate (as of 08/14)

Exchange amount

Japanese yen




British pound


Utilizing the same exchange rate, while you are visiting each of these countries, you have to buy supplies/equipment for
your operations; you want to determine what it is costing you in U.S. dollars. Please compute the following:

Japanese yen

Computer (Â¥167,000.00)



Desks/chairs (€1,125.00)


British pounds

Printer (£575.00)


Part Two
Respond to the following questions. Not counting Part One, your paper should be three pages in length, double spaced,
and use APA style guidelines.

1. Within the past decade, the IMF has provided financial assistance (bailout) to Greece (2010, 1st quarter), Iceland
(2008, 4th quarter), Ukraine (2014, 2nd quarter), and Hungary (2008, 4th quarter). Describe the recovery process
in each country as a result of this assistance. Also determine whether or not there was an increase/decrease in:

? GDP,

? inflation, and

? unemployment.

Information about accessing the Blackboard Grading Rubric for this assignment is provided below



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