Question
GE Transportation just sold locomotives to a Chinese importer. The payment of $80 million is due in six months, then a) GE has a transaction
GE Transportation just sold locomotives to a Chinese importer. The payment of $80 million is due in six months, then
a) GE has a transaction exposure of A/P in the amount of $80 million
b) GE has a transaction exposure of A/R in the amount of $80 million
c) GE does not have transaction exposure.
d) GE does not have economic exposure.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
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