When a US-Based Company Holds a Receivable Denominated in a Foreign Currency

question 36

Multiple Choice

When a U.S.-based company holds a receivable denominated in a foreign currency, the U.S. company wants the foreign currency to ________ against the U.S. dollar so that the foreign currency can be converted into ________.

• A)weaken; fewer dollars
• B)weaken; more dollars
• C)strengthen; fewer dollars
• D)strengthen; more dollars

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Definitions:

Baby Boomers

Individuals born approximately between 1946 and 1964, characterized by a significant increase in birth rates following World War II.

Traditionalists

Individuals or groups who adhere to long-established practices and are resistant to modern changes.

Radically Diverse

Describes an environment, group, or situation that includes a wide range of different cultures, ethnicities, genders, and viewpoints.

Generation X

The demographic cohort following the baby boomers and preceding the Millennials, typically born between the mid-1960s and early 1980s, known for their resourcefulness and independent thinking.