Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) The majority of trade transactions and international finance transactions are conducted in hard currencies, such as the USD, euro and sterling.
B) The advantage of diversifying the currency spread of a company's transactions is enhanced if the foreign currencies have a highly positive correlation.
C) Leading refers to changing the timing of a cash flow so it takes place prior to the originally agreed date.
D) Counter-trade refers to an arrangement in which two companies, each exposed to FX risk, enter into an arrangement whereby they exchange one product for another.