Question

a change in the echange rate will change the amount of local currency receivable on a bill denominated in a foreign currency . the risk involved is called​

Answer 1

Answer:

Foreign Exchange Risk Example

An American liquor company signs a contract to buy 100 cases of wine from a French retailer for €50 per case, or €5,000 total, with payment due at the time of delivery. The American company agrees to this contract at a time when the Euro and the US Dollar are of equal value, so €1 = $1.

Explanation:

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