Question: 4. A transaction gain is recorded when there is an: a. importing transaction and the exchange rate increases. b. exporting transaction and the exchange rate

4. A transaction gain is recorded when there is an: a.

4. A transaction gain is recorded when there is an: a. importing transaction and the exchange rate increases. b. exporting transaction and the exchange rate increases. C. exporting transaction and the exchange rate decreases. d. none of these

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