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7. If EUR/JPY is 129.30 and USD/JPY is 115.40, EUR/USD is a. 1.1205 b. .8925 C. 148.86 d. 1.4921 ANS: 8. If GBP/CHF is 1.2300

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7. If EUR/JPY is 129.30 and USD/JPY is 115.40, EUR/USD is a. 1.1205 b. .8925 C. 148.86 d. 1.4921 ANS: 8. If GBP/CHF is 1.2300 and USD/CHF is .9200, GBP/USD is a. 1.2971 b. .7480 c. 1.3370 d. 1.1316 ANS: 9. "Hedging" a risk or exposure is defined as a. Eliminating the risk or exposure b. Mitigating the risk or exposure c. Leveraging the risk or exposure d. All of the above ANS

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