Question 39 Which of the following statements is FALSE? Vertical integration entails the merger of a firm and its supplier or a firm and its customer. B. Currency options allow firms to lock in a future exchange rate: currency forward contracts allow firms to insure themselves against the exchange rate moving beyond a certain level For many fiems, changes in the market prices of the raw materials they use and the goods they produce may be the most important source of risk to their profitability D. Exchange rate risk naturally arise whenever transacting parties une different currenciers; one of the parties will be at risk it exchange rates fluctunte