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    International Accounting Study Set 1
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    Exam 7: Foreign Currency Transactions and Hedging Foreign Exchange Risk
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    When a Currency Is Allowed to Increase or Decrease in Value
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When a Currency Is Allowed to Increase or Decrease in Value

Question 8

Question 8

Multiple Choice

When a currency is allowed to increase or decrease in value relative to other currencies,the currency is said to:


A) be pegged to another currency.
B) be less valuable.
C) float.
D) devalue.

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