Multiple Choice
A U.S. automotive company purchases brake linings from a firm in Germany and promises to pay in euros in 30 days. Before the payment is made, the euro appreciates relative to the dollar, and the U.S. firm must pay more dollars than originally planned. This is an example of _____ risk.
A) currency
B) foreign
C) domestic
D) country
Correct Answer:
Verified
Correct Answer:
Verified
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