Question: Albany Corp. is a U . S . - based MNC that has a large govemment contract with Australia. The contract will continue for several

Albany Corp. is a U.S.-based MNC that has a large govemment contract with Australia. The contract will continue for several years and gencrate more than half of Albany's total sales volume. The Australian govemment pays Albany in Australian dollars. Approximarely 10 percent of Albany's operating expenses are in Australian dollars; all other expenses are in U.S. dollars. In 1-2 sentences, briefly explain bow Alhany Corp. can reduce its economic exposure to exchange rate fluctuations. (3 pelints)
Albany Corp. is a U . S . - based MNC that has a

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