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    Exam 11: Operating Exposure
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    An Unexpected Change in Exchange Rates Impacts a Firm's Cash
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An Unexpected Change in Exchange Rates Impacts a Firm's Cash

Question 18

Question 18

Multiple Choice

An unexpected change in exchange rates impacts a firm's cash flows at what level(s) ?


A) short run
B) medium run (equilibrium case)
C) long run
D) all of the above

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