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5. Chicago based Corporation X has a number of importing transactions with companies based in the UK. Importing activities result in payables. If the settlement

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5. Chicago based Corporation X has a number of importing transactions with companies based in the UK. Importing activities result in payables. If the settlement currency is the British Pound, which of the following will happen by changes in the direct or indirect exchange rates? 6. Chicago based Corporation X has a number of exporting transactions with companies based in Sweden. Exporting activities result in receivables. If the settlement currency is the Swedish Krona, which of the following will happen by changes in the direct or indirect exchange rates? Use the following for questions 7-8: Heavy Company sold metal scrap to a Brazilian company for 200,000 Brazilian reals on December 1,208, with payment due on January 20,209. The exchange rates were: 7. Based on the preceding information, which of the following is true of dollar's movement vis--vis the Brazilian real during the period

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