When the exchange rate was 1 = $2 you purchased a share of stock in an English company for 50.A year later you sold the stock for 60. Unfortunately, when you converted the proceeds you received $45 because the USD has appreciated (GBP had depreciated) to 1 = $0.75. The USD loss is an example of:

• None of the options.
• political risk.
• weakness in the dollar.
• exchange rate risk.
• market imperfections.