Translation exposure measures:
A) changes in the value of outstanding financial obligations incurred prior to a change in exchange rates.
B) the potential for an increase or decrease in the parent company's net worth and reported net income caused by a change in exchange rates since the last consolidation of international operations.
C) an unexpected change in exchange rates impact on short run expected cash flows.
D) none of the above
Answer: B
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The Sport Broadcasting Act of 1961 does what?
A. Exempts the NCAA from antitrust liability in its college football and basketball broadcasting rules. B. Exempts the major professional sports leagues' national television deals from antitrust liability in pooling their television rights as a league. C. Exempts the Olympic movement from pooling its Winter and Summer Games television rights. D. All of these are correct.
If market interest rates decline,
A) long-term bonds will decline in value more than short-term bonds. B) short-term bonds will rise in value more than long-term bonds. C) short-term bonds will decline in value more than long-term bonds. D) long-term bonds will rise in value more than short-term bonds.