Assume that your company purchases inventories from a mexican supplier on december 15. the invoice specifies that payment is to be made on march 15 in mexican pesos in an amount of 150,000 pesos. your company operates on a calendar year basis. assume the following exchange rates and dates: december 15..$0.04: 1 peso

Whether in the private sector or government, a debt crisis in one country can and frequently does spread economic pain to other countries. This can happen through a tightening of financial conditions such as a spike in interest rates, a slowdown in trade and economic growth, or merely a steep decline in confidence.

Explanation: