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12 Which of the following does not give rise to a transaction exposure? borrowing funds from international markets in a foreign currency the purchase or

12

Which of the following does not give rise to a transaction exposure?

borrowing funds from international markets in a foreign currency

the purchase or sale of a good on credit stated in a foreign currency

all answers provided are different forms of a transaction exposure

the devaluation of inventories in historical exchange rate terms

selling forward a large amount of foreign currency

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