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You import cheese from UK and a payment of GBP 85,000 will be due in 3 days. When you watch the GBP/CAD rates, you understand
You import cheese from UK and a payment of GBP 85,000 will be due in 3 days. When you watch the GBP/CAD rates, you understand that GBP is rapidly appreciating. Your decision will be to Wait for the third day to pay Pay immediately Ask for an extension from the UK exporter. Negotiate for a reduction in price
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