_____,a category of foreign exchange risk,refers to the extent to which the reported consolidated results and balance sheets of a corporation are affected by fluctuations in foreign exchange values.

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Translation exposure refers to the impact of fluctuations in foreign exchange rates on the financial statements of a multinational corporation. It arises because the assets, liabilities, revenues, and expenses of foreign subsidiaries are reported in the consolidated financial statements of the parent company using a common currency. This can result in significant volatility in reported earnings and shareholders' equity, even if there is no change in the underlying business operations. Economic exposure refers to the impact of exchange rate movements on future cash flows and market share, while transaction exposure relates to the effect of currency fluctuations on individual transactions involving foreign currencies. Countertrade and carry trade are unrelated to foreign exchange risk.

_____,A Category of Foreign Exchange Risk,refers to the Extent to Which