Which of the following statements is FALSE?

	A.	If the euro is expected to depreciate in the near future, an Australian-based FI in Paris would prefer net long in its foreign (euro) asset positions.
	B.	Given the current spot rate is S$1.50/A$1, if the exchange rate at the end of the year is S$1.00/A$1, the Australian dollar have depreciated against the Singapore dollar.
	C.	Matching the size of the foreign currency book will not eliminate the risk of the international transactions if the maturities of the assets and liabilities are mismatched.
	D.	An FI is net long in foreign assets if it holds more foreign assets than liabilities.
	E.	Foreign exchange risk is the risk that exchange rate changes can affect the value of an FIs assets and liabilities denominated in foreign currencies.