Manag., July-2018 – Q99

0. The statements relate to International Financial Environment. Denote the code of the statements being correct or incorrect.
Statement (I): Foreign exchange risk denotes the variance of the domestic currency value of assets, liabilities, or operating income attributable to anticipated changes in exchange rates.
Statement (II): Foreign exchange exposures denote the sensitivity of the the real value of assets, liabilities and operating income to unanticipated changes in exchange rates expressed in its functional currency.

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