Suppose a U

question 19

Multiple Choice

Suppose a U.S.-based MNC maintains a vacation home for employees in the British countryside and the local price of this property is always moving together with the pound price of the U.S. dollar. As a result,

• A)whenever the pound depreciates against the dollar, the local currency price of this property goes up by the same proportion.
• B)the firm is not exposed to currency risk even if the pound-dollar exchange rate fluctuates randomly.
• C)both a and b
• D)none of the above

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Definitions:

Explanation of Benefits (EOB)

A document provided by insurance companies that explains the costs covered for medical services or products received.

Claim Number

A unique identifier assigned to an insurance claim, used for tracking and managing the claim process.

Delinquent Claim

A term used in healthcare and insurance to describe a claim that has not been paid or settled within the expected or agreed time frame.

Anticipated Date

The expected or scheduled date for an event or action to happen, often used in planning or arranging.