Although netting typically increases the need for foreign exchange conversion, it generally reduces the number of cross border transactions between subsidiaries.

Name: Although netting typically increases the need for foreign exchange conversion, it generally reduces the number of cross border transactions between subsidiaries.
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Question

Quizplus · Accepted Answer

Netting typically reduces the need for foreign exchange conversion and the number of cross-border transactions by offsetting receivables and payables among subsidiaries.

Although Netting Typically Increases the Need for Foreign Exchange Conversion