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Course:International Accounting please answer correctly! 1. What is the...

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Accounting

Course:International Accounting
please answer correctly!
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1. What is the difference between the spot, forward, and swap markets? Illustrate each description with an example. 2. What do current, historical, and average exchange rates mean in the context of foreign currency translation? Which of these rates give rise to translation gains and losses? Which do not? 3. What is the difference between a transaction gain or loss and a translation gain or loss? 4. Compare and contrast features of the major foreign currency translation methods in this chapter. Which method do you think is best? Why

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