Accounting exposure is:
a. the exposure to exchange gains and losses resulting from translating U.S.-dollar-denominated financial statements 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 U.S. dollars to settle a foreign-currency-denominated debt.
ANSWER: B
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