1-Which crisis did not have deep devaluation of the local currency: a-asian crisis 1997. b-argentine crisis 2002. c-Russian crisis 1998 d-The great depression 1930 USA

2-Quotation exposure, backlog exposure and billing exposure are referred to as the risk of foreign exchange risk of: a-translation exposure. b-Accounting exposure.

c-Transaction exposure. d-Operating exposure.

3-(a-translation exposure. b-Accounting exposure. c-Transaction exposure. d-Operating exposure.) is caused by the change in exchange rate and the cash flows and present value in the local currency fluctuate