oure l httpsl/blackboardt t/take assessment ide 2s220.1&course. Remaining Time: 23 mil nutes, 58 v Question Completion Status: QUESTION 3 Which following statement is correct? l. Transaction exposure and operating exposure exist because of expected changes in future cash fows ll. Accounting exposure, also called translanon exposwe is the potential for accounting derived changes in owner's equty to occur because Beed to "translate" foreign currency financial statements of foreign subsidiaries intoa reporting currency to Prepare world consolidaned financial ITI The difference between transaction exposure and operating exposure that operating cash tows already contracted for, while transaction exposure focuses on exposureisconcerned with change bec a change expected (not yet contracted that might in exchange rates has altered international competitiveness (a) I only. O (b) II only. (c) III only. (d) I and II. QUESTION 4 hedge offer wacertato eutcomes. hedge and a hedge guarantee fixed payoffs but a hedge or