Suppose a U.S. firm builds a factory in China, staffs it with Chinese workers, uses materials supplied by Chinese companies, and finances the entire operation with a loan from a Chinese bank located in the same town as the factory. This firm is most likely trying to greatly reduce, or eliminate, which one of the following? a. interest rate disparities b. short-run exposure to exchange rate risk c. long-run exposure to exchange rate risk d. political risk associated with the foreign operations e. translation exposure to exchange rate risk