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Write the difference between domestic finance and international finance.
The major differences between domestic finance and international finance are as follows −
Domestic finance
The currency exposure has no impact.
It is exposed to same economic and political environments.
It is exposed to same tax laws and regulations.
Stakeholders are of same beliefs, languages etc.
Knowledge of foreign exchange derivatives is not required.
Challenges are limited.
Maintenance of separate books are not required.
International finance
The currency exposure has impact.
It is exposed to different economic and political environments.
It is exposed to different tax laws and regulations.
Stakeholders are of different beliefs, languages etc.
Knowledge of foreign exchange derivatives are required.
Challenges are limitless.
Maintenance of separate books are required as per GAAP/AS.
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