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Short answers What are the three basic foreign exchange risks companies face doing business internationally? (3 marks) Which risk concerns exchange of goods and services

Short answers

What are the three basic foreign exchange risks companies face doing business internationally? (3 marks)
Which risk concerns exchange of goods and services for payment? (1 mark)
Explain what the risk you identified in (b) involves and how a forward exchange contract can manage this risk. (4 marks)
What are two disadvantages of a forward exchange contract? (2 marks)

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