________ is the currency risk that firms face when outstanding accounts receivable or payable are denominated in foreign currencies.

Name: ________ is the currency risk that firms face when outstanding accounts receivable or payable are denominated in foreign currencies.
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Question

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Transaction exposure refers to the risk that a company faces when it has outstanding accounts receivable or payable in a foreign currency, as the value of these accounts can fluctuate due to changes in exchange rates.

________ Is the Currency Risk That Firms Face When Outstanding