QUESTION 4 A firm in the International Trade Phase of Globalization: a. receives all foreign receipts in
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QUESTION 4
A firm in the International Trade Phase of Globalization:
| a. | receives all foreign receipts in foreign currency units and makes all foreign payments in domestic currency units. |
| b. | makes all foreign payments in foreign currency units and all foreign receipts in domestic currency units. |
| c. | bears direct foreign exchange risk. |
| d. | none of the above |
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