A U.S. timber products firm has a long-term contract to import unprocessed logs from Canada
To avoid occasional and unpredictable changes in the exchange rate between the U.S. dollar and the Canadian dollar, the firms agree to split between the two firms the impact of any exchange rate movement. This type of agreement is referred to as:
A) risk-sharing.
B) currency-switching.
C) matching.
D) a natural hedge.
Answer: A
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River Vista Inc enters into a contract with Stable Realty Management to manage and maintain River Vista's commercial real estate. Their contract provides that neither party can recover damages for a non-fraudulent or unintentional breach. This is
a. a limitation-of-liability clause. b. an exculpatory clause. c. a liquidated damages clause. d. a quasi contract
In Excel, a worksheet that displays the data for the problem and shows the results of the analysis is
a. a formula worksheet b. a value worksheet c. an absolute worksheet d. a descriptive worksheet