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Green Apple Corp. is a U.S. company specializing in importing products from Thailand for resale in the local U.S. markets. One of Green Apple's managers

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Green Apple Corp. is a U.S. company specializing in importing products from Thailand for resale in the local U.S. markets. One of Green Apple's managers states that even though all of Green Apple's transactions are denominated in U.S. dollars, it is still subject to exchange rate risk. The manager's statement is: True only if Green Apple opens a subsidiary in Thailand. False False only if Green Apple opens a subsidiary in Thailand. True

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