Suppose that Verizon has invested in the cell phone system in India. If the value of the Indian rupee decreases in value in the future, the value of the firms fixed assets in the country (e.g. cell phone towers, etc.) will decline. This is an example of

	A.	operating exposure.
	B.	transaction exposure.
	C.	translation exposure.
		economic exposure. D Note: Economic Exposures refers to potential changes in all future cash flows due to unexpected changes in exchange rate. Transaction exposure refers to change in the value of monetary cash flows as a result of unexpected changes in currency values. Operation Exposure refers to changes in the value of non-monetary (Real and intangible Assets or operating cash flows as a result of unexpected exchange rate changes. Translation exposure or accounting exposure refers to potential changes in financial accounting statement as a result of changes in currency value.