Which of the following is NOT correct?

Select one:

a.

The bank will lose if it is in net long in a currency and that currency depreciates in value.

b.

The bank will lose if it is in net long in a currency and that currency appreciates in value.

c.

Foreign exchange risk arises from mismatches between financial institutions foreign financial assets and foreign financial liabilities.

d.

All of the above

e.

None of the above