​Which of the Following Is True of an Exchange Gain

question 20

Multiple Choice

​Which of the following is true of an exchange gain?

• A) ​An exchange gain is a gain on the exchange of one currency for another due to appreciation of the home currency.
• B) ​An exchange gain is a gain on the exchange of one currency for another due to appreciation of the foreign currency.
• C) ​An exchange gain results from the simultaneous currency appreciation of two countries engaging in trade activities.
• D) ​An exchange gain results from the simultaneous currency depreciation of two trading countries engaging in trade activities.

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