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U.S. based Accor company has a subsidiary in Germany. The German subsidiary prepares its financial statements in euros. At the end of the year, Accor

  1. U.S. based Accor company has a subsidiary in Germany. The German subsidiary prepares its financial statements in euros. At the end of the year, Accor needs to prepare its consolidated financial statements in US$. What kind of foreign exchange exposure does Accor face?

a. Transaction exposure

b. Economic exposure

c. Accounting exposure

d. Strategic exposure

e. Competitive exposure

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