Economic exposure is:
a. the exposure to exchange gains and losses resulting from translating U.S.-dollar-denominated financial statement into foreign denominations.
b. the exposure to exchange gains and losses resulting from translating foreign-currency-denominated financial statements into U.S. dollars.
c. the exposure to cash flow changes resulting from dealings in foreign-denominated transactions and commitments.
d. a result of the need to use more foreign currency to settle U.S.-dollar-denominated debt.
ANSWER: C
You might also like to view...
Even if sales of a brand extension are high and meet targets, the revenue may be coming from consumers switching to the extension from existing parent-brand offerings — in effect ________ the parent brand
A) diluting B) cannibalizing C) reinforcing D) eroding E) revamping
________ occurs when a company uses its existing brand name for new forms, colors, sizes, ingredients, or flavors of an existing product category
A) Line extension B) Co-branding C) Private labeling D) Brand extension E) Clustered branding
On a bank reconciliation, interest income would be added to the balance per bank
Indicate whether the statement is true or false
An advertisement for Carr cabinet doors that is directed at people in the woodworking industry ran in a publication called Custom Woodworking Business. The ad explained why Carr cabinet doors were the perfect finishing touch for all cabinets. This manufacturer used ________ advertising to reach potential users.
A. retail B. industrial C. national D. trade E. co-op