Question
A U.S. firm sells merchandise to a British company for 100,000. If the current exchange rate is $1.75/, the U.S. firm is at risk of
A U.S. firm sells merchandise to a British company for 100,000. If the current exchange rate is $1.75/, the U.S. firm is at risk of a loss if
| a. | the exchange rate changes to $1.74/.
| |
| b. | the exchange rate changes to $1.76/.
| |
| c. | the exchange rate doesnt change.
| |
| d. | All of the above |
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Public Finance And Public Policy
Authors: Jonathan Gruber
6th Edition
1319105254, 9781319105259
