Question: When exchange rate changes occur, the impact will be on the balance sheet assets and liabilities & income statement items that already exists. True False

  1. When exchange rate changes occur, the impact will be on the balance sheet assets and liabilities & income statement items that already exists.
  1. True
  2. False

  1. Exchange rate changes are often linked to variability in real growth, inflation, interest rates, governmental actions and etc. Changes in exchange rates can affect not only firms that are directly engaged in international trade but also purely domestic firms.
  1. True
  2. False

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