In a quarterly earnings report from the recent past, General Motors, IBM, Procter & Gamble, Amazon and Johnson & Johnson were reported to have experienced $1bn-plus haircuts on sales as they translated revenues earned abroad back into US dollar terms due to a surge in the US dollar. This is an example of translation exposure, a category of foreign exchange risk that refers to the impact of currency exchange rate changes on the reported financial statements of a company. true or false

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The statement is true ... View the full answer