7. There are three types of foreign exchange exposure, i.e., transaction exposure, translation exposure, and operating exposure. Which of the following argument is correct? A) Translation exposure measures the changes in the value of outstanding financial obligations. B) As purely domestic firms do not use the foreign currency, they are not exposed to the operating exposure. C) Multinational firms are exposed to only transaction exposure and translation exposure. D) When all business transactions settlement involves only a domestic currency, this firm does not face any transaction exposure