Microsoft Word - Exam1

4. Apple needs to pay 5000 yuans per iPhone to its Chinese suppliers in a month. The following is an example of Apple hedging its foreign currency risk. A) Apple makes. a. forward- exchange. deal. to. buy. yuans. B) Apple makes a forward-exchange deal to sell yuans. C) Apple buys yuans at a spot-exchange 1 month from now ................
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