

McqMate
Q. |
Translation exposure reflects: |
A. | the exposure of a firm's ongoing international transactions to exchange rate fluctuations. |
B. | the exposure of a firm's local currency value to transactions between foreign exchange traders. |
C. | the exposure of a firm's financial statements to exchange rate fluctuations. |
D. | the exposure of a firm's cash flows to exchange rate fluctuations. |
Answer» C. the exposure of a firm's financial statements to exchange rate fluctuations. |
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