Transaction exposure gives rise to foreign exchange gains and losses that are ultimately realized in cash

True

False

Hedging does not protect companies from exchange rate fluctuations

True

False

Assets and liabilities translated at the historical exchange rate are not exposed to a translation adjustment

True

False

Spot rate is the today's (current) price for purchasing or selling a foreign currency

True

False

Foreign currency option a right to buy or sell foreign currency

True

False