The Impact of Random Change in the Value of One

question 21

Multiple Choice

The impact of random change in the value of one currency with respect to other currencies is called the _____ risk.

• A) transactions
• B) exchange rate
• C) economic
• D) consolidated
• E) accounting

---

Definitions:

Erroneous Expression

A mistake in speech or writing that deviates from what is correct, true, or accurate.

Reformation

Reformation is a judicial remedy used to correct or modify a written contract or document that does not accurately reflect the true intentions of the parties due to a mistake, misrepresentation, or fraud.

Enforce Contract

The legal process of compelling compliance with the terms of a contract, typically through court action or arbitration.

Reformation

An act of reforming or amending something, often used in legal contexts to refer to the modification of a contract to reflect the true intentions of the parties involved.