When a firm borrows in a foreign currency, the effective cost is the foreign interest rate plus an adjustment for changes in the exchange rate

The statement of cash flows explains changes in a firm's:

A. Working capital B. Cash on hand and cash in the bank C. Cash and cash equivalents D. Cash, cash equivalents, and accounts receivable

Angel investors provide business start-ups with capital without asking for anything in return

Indicate whether the statement is true or false