Which one of the following management techniques is likely to best offset the risk of long-run exposure to payables denominated in a particular foreign currency?
A) Borrow money in the foreign currency in question.
B) Lend money in the foreign currency in question.
C) Rely on the Federal Reserve Board to enact monetary policy favorable to your exposure risk.
D) none of the above
Answer: B
Business
You might also like to view...
Marcus Company had a beginning inventory of $390. During the year, the company purchased inventory of $2,900 and made sales for $3,500. Selling cost amounted to $250. The ending inventory balance was $450. What is the cost of goods sold of Marcus Company?
a. $4,700 b. $2,840 c. $2,750 d. $2,270 e. $3,090
Business
When is nonperformance by a contractual party excusable?
What will be an ideal response?
Business