If an Australian exporter agrees to receive payment in 60 days in pounds,the British importer has assumed the exchange risk in the transaction.

Name: If an Australian exporter agrees to receive payment in 60 days in pounds,the British importer has assumed the exchange risk in the transaction.
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The Australian exporter assumes the exchange risk because they will receive payment in pounds, and the value of the pound relative to the Australian dollar may change unfavorably during the 60-day period.

If an Australian Exporter Agrees to Receive Payment in 60