A Foreign Exchange Exposure That Occurs Because of a Change

question 97

Multiple Choice

A foreign exchange exposure that occurs because of a change in the value of exposed assets or liabilities of foreign currency financial statements is a(n) ________.

• A) translation exposure
• B) transaction exposure
• C) economic exposure
• D) hedge exposure

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Definitions:

Phylogeny

The complete evolutionary history of a group of organisms.

Evolutionary History

Describes the processes and pathways through which species have changed and diversified over time from common ancestors.

Common Ancestor

The most recent individual from which any two or more species are descended.

Fungi

Fungi are a kingdom of usually multicellular, eukaryotic organisms that are heterotrophic, obtaining their food by absorbing nutrients from their surroundings.