Which of the following does not represent an exchange risk on an exposed position to a company transacting business with a foreign vendor?
A) transaction is denominated in foreign currency, settled at a future date
B) firm commitment to purchase inventory to be paid for in foreign currency
C) Forecasted foreign currency transaction with a high probability of occurrence
D) firm commitment to purchase inventory denominated in U.S.dollars
Correct Answer:
Verified
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Q16: Hugh, Inc.purchased merchandise for 300,000 FC
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