Multiple Choice
Which of the following is true of an exchange gain?
A) An exchange gain is a gain on the exchange of one currency for another due to appreciation of the home currency.
B) An exchange gain is a gain on the exchange of one currency for another due to appreciation of the foreign currency.
C) An exchange gain results from the simultaneous currency appreciation of two countries engaging in trade activities.
D) An exchange gain results from the simultaneous currency depreciation of two trading countries engaging in trade activities.
Correct Answer:
Verified
Correct Answer:
Verified
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