Question: Q12. A foreign exchange forward contract is a standardized contract that is inflexible occurs when a company swaps its translation exposure for transaction exposure is

Q12. A foreign exchange forward contract

is a standardized contract that is inflexible

occurs when a company swaps its translation exposure for transaction exposure

is a contractual agreement between two parties to exchange a specified amount of currencies on a future date/.

states the date on which a trade will take place, but the price for the trade will be determined at the time the trade occurs

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