Which one of the following relationships between fluctuations in exchange rates and foreign exchange gains and losses is true? a) for an import purchase, a gain results when foreign currency appreciates. b) for an export sale, a loss results when foreign currency appreciates. c) for an export sale, a gain results when foreign currency appreciates. d) for an import purchase, a loss results when foreign currency depreciates. e) none of the above
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Which one of the following relationships between fluctuations in exchange rates and foreign exchange...
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