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A Chinese Manager Is Given an Expatriate Assignment in the United

question 23

Multiple Choice

A Chinese manager is given an expatriate assignment in the United States.Day-to-day expenses in the United States are higher than in China.Which of the following is the firm likely to provide to offset this difference?


Definitions:

Spot Exchange Rate

The current exchange rate at which one currency can be exchanged for another for immediate delivery.

Currency Exchange Risks

Currency exchange risks involve the potential for losses due to fluctuations in the exchange rate between two currencies when conducting international transactions.

EUR

The primary currency for the Eurozone, adopted by 19 of the European Union's 27 nations.

Foreign Exchange

The exchange or swapping of one type of currency for another.

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