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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