Alex. as a consultant in an investment bank; needs to advise his clients on the different types of foreign excharge exposures. Which of the following staterivents is/are colrect? 1. Translation exposure is unirealized and non-cash flows in nature, and will definitely not lead to actual cash losses in the future 3i. Economic exposure is concerned with future cash flows alresdy contracted for, while transaction exposure focuses on expected (not yet contracted for) future cash. nows iii. Transaction exposure refers to potential gains or losses on foreign tranactions recelved or paid in foreign cierency, which is easier to messure and imanage compared to economic exposure: iili only None of the above ratements is coerect tienty ionly wand iil onty