You are the financial officer of a U.S. business conducting operations in Mexico. The business has b

You are the financial officer of a U.S. business conducting operations in Mexico. The business has been financed by loans obtained from U.S. banking institutions. You have been informed the Peso is expected to drop by 30 percent against the U.S. dollar over the next year. What actions, if any, should you take and why?Do you think the IMF policy of a tight monetary policy and reduced government spending is the appropriate response for nations experiencing a currency crisis? What are the implications for international business? Explain your answer in a well-constructed and cogent response.Your business must decide whether to make a component part in-house or outsource it to an independent supplier. These potential suppliers are in countries whose currency is expected to increase against the U.S. dollar. What would you recommend and why?