Operating risk exposure can be described as exposure to exchange rate, interest rate, and inflation risks farther in the future than the risk from contracted or anticipated transaction exposure a. True b. False Management of operating exposure involves moment-by-moment trading responses to exchange rate changes. a. True b. False Only unexpected changes relative to Relative Purchasing Power Parity (RPPP) or Uncovered Interest Rate Parity (UIRP) are relevant for operating risk exposure. a. True b. False The objective of operating exposure management is to implement a plan to mitigate the negative effects and enhance the beneficial effects of unexpected changes in exchange rates. a. True b. False Operating exposure management requires management to precisely predict shocks and disequilibrium. a. True b. False