[Solved] How can firms reduce their translation exposure? A) go naked B) use a balance sheet hedge C) buy forward currency D) acquire an offsetting asset Real Wages: Pay from employment, recalibrated for price level changes to indicate the true value of work income. Compensation: null Fringe Benefits: Additional compensation given to employees beyond their base wage or salary, such as health insurance, paid vacation, or retirement plans. Take-Home Pay: Net income after all deductions like taxes, social security, and retirement contributions are subtracted from an individual's gross salary.