Question 4 4 points Save Answer The spot rate on the Argentine peso was ARS56/USD a year ago. Since then the peso has lost 25%. What's the current exchange rate? ARS74.67/USD ARS36.96/USD ARS56.06 ARS23/USD ARS11/USD Question 5 4 points Save Answer A U.S. importer purchasing on credit can shift the transaction exposure of an account payable to the foreign supplier by Negotiating a contract to pay in US dollars Borrowing in foreign money markets Buying a put option on the foreign currency Selling a futures contract Entering into a forward contract to sell the foreign currency Question 6 Short-term exchange rate forecasts are more useful to a firm with a(n) Operating exposure Economic exposure and accounting exposure Transaction exposure Translation exposure Accounting exposure