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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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