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A U.S. company that has sold its product to a German firm would be exposed to a net exchange gain on the unpaid receivable if
A U.S. company that has sold its product to a German firm would be exposed to a net exchange gain on the unpaid receivable if the
a. | amount to be paid was denominated in dollars. |
b. | dollar weakened relative to the Euro and the Euro was the denominated currency. |
c. | dollar strengthened relative to the Euro and the Euro was the denominated currency. |
d. | U.S. company purchased a forward contract to buy Euros. |
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