Which of the following statements concerning currency exchange rates is most accurate?
A)Fluctuations in exchange rates among the world's currencies are of critical importance in global marketing.
B)Fluctuations in exchange rates among the world's currencies occur, but multinational companies are insulated from the affects because of direct investment.
C)Exchange rate fluctuations are relatively rare, but when they occur, their effects are minimal.
D)Exchange rate fluctuations are now almost nonexistent due in great part to the stability of the euro.
E)Exchange rate fluctuations may affect the financial sector but rarely reach the consumer.

Question

Quizplus · Accepted Answer

Fluctuations in exchange rates among the world's currencies are of critical importance in global marketing, as they can affect the prices of imported and exported goods, alter competitiveness between companies and countries, and impact consumer behavior. It is important for companies to understand and anticipate these fluctuations in order to make informed business decisions.

Which of the Following Statements Concerning Currency Exchange Rates Is