To Protect Against Loss as a Result of Adverse Currency

question 101

Multiple Choice

To protect against loss as a result of adverse currency fluctuations,an export firm may:

• A)demand cash settlement
• B)purchase a futures contract as a hedge
• C)require the customer to make payment in the exporter's currency
• D)require a government guarantee against currency loss of value

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Definitions:

Contract Basis

A contractual agreement where work is performed for a fixed period or for the duration of a specific project.

Freelance Paralegals

Paralegals who work independently or on a contract basis rather than being employed full-time by a single law firm or legal department.

Independent Paralegal

A paralegal who operates their own business, offering legal document preparation and support services directly to the public, under the limitations of the law.

Contract Basis

Employment or work arrangement where an individual is hired for a specific job or project under agreed terms and conditions, without being made a permanent employee.