Paper Summary:

The paper examines how foreign exchange rates affect Wal-Mart as a multinational enterprise (MNE).

From the Paper:

"Wal-Mart prices its products in its American stores in terms of American dollars but prices its foreign products in terms of the currencies of the countries in which they are being sold. The same goes for how the company pays its workers, they are paid in the currency of the country in which they work. Suppliers are normally paid in the currency of the country they are supplying from. The supplier is then responsible for paying its suppliers in a foreign currency if they..."

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