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1. What happens if you have a FX-denominated receivable, and the FX appreciates/depreciates? 2.What happens if you have a FX-denominated payable and the FX appreciates/depreciates?

1. What happens if you have a FX-denominated receivable, and the FX appreciates/depreciates?

2.What happens if you have a FX-denominated payable and the FX appreciates/depreciates?

3.How would a change in FX rates affect a companys competitive position?

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