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4.1 Explain what is meant by foreign exchange exposure? (4 marks) 4.2 The following exposures are...

4.1 Explain what is meant by foreign exchange exposure?
4.2 The following exposures are caused by foreign exchange risk. Discuss how each of these exposures impact a
firm:
4.2.1 Transaction exposure
4.2.2 Economic exposure
4.2.3 Translation exposure
4.2.4 Contingent exposure

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