Exchange Rate Risk Is Defined by Your Textbook as the Risk

Exchange rate risk is defined by your textbook as the risk related to:

A) trading in the foreign exchange markets with the sole purpose of arbitrage
B) investing in a foreign currency for the sole purpose of profiting on rate fluctuations
C) having international operations in a world where relative currency values fluctuate
D) trading among three or more currencies within a single day
E) holding a foreign currency as an investment over a period of time