Suppose an MNC has $120 million worth of euro accounts receivables and $90 million worth of euro accounts payables. The spot rate is currently at $1.1234/. How much is the actual exposure of the MNC to the euro. Please think it through before you answer and only after studying. I thought you meant this or I thought you meant that will not be a valid excuse. You should know exactly what I mean and only one answer is correct.