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A U.S. company sells merchandise to a foreign company denominated in U.S. dollars. Which of the following statements is true? A) If the foreign currency
A U.S. company sells merchandise to a foreign company denominated in U.S. dollars. Which of the following statements is true?
A) If the foreign currency depreciates, a foreign exchange loss will result.
B) No foreign exchange gain or loss will result.
C) If the foreign currency depreciates, a foreign exchange gain will result.
D) If the foreign currency appreciates, a foreign exchange loss will result
E) If the foreign currency appreciates, a foreign exchange gain will result.
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