Foreign-exchange risk can be important even for firms that have only Australian operations.

Name: Foreign-exchange risk can be important even for firms that have only Australian operations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because the value of the Australian dollar is affected by the exchange rate with other currencies, including those of countries where a firm may have suppliers or customers. Changes in the exchange rate can impact the cost and revenue of a company, leading to foreign-exchange risk.

Foreign-Exchange Risk Can Be Important Even for Firms That Have