Suppose a US company agrees to buy products worth 1 millions euros. At the time of the agreement, the $/€ exchange rate was $1 = €1.10, but at the time of payment, the exchange rate is $1 = €0.80. The additional money owed by the US company due the adverse movement in exchange rates between the time of the deal and the time when payment is due is called _________ exposure.
Fill in the blank(s) with the appropriate word(s).
Answer: transaction
Business
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Indicate whether the statement is true or false.
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