Transaction exposure deals with cash flows that result from existing contractual obligations.
The degree of uncertainty that businesses engaged in international trade must deal with is known as transaction exposure. It is also known as translation exposure or translation risk .
It is specifically the risk that exchange rates will change after a company has already committed to a financial obligation. These foreign enterprises are extremely vulnerable to changing exchange rates, which can result in significant capital losses.
Transaction exposure often carries only one side of the risk. The only company that might experience this vulnerability is one that completes a transaction in a foreign currency.
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Answer:
The correct answer is B. Lincoln has dishonored the check.
Explanation:
Lance writes Martin a check drawn on Lincoln Bank. Martin presents the check for payment at Lincoln Bank in a timely and proper manner. Lincoln refuses to pay. As a legal matter, Lincoln has dishonored the check that is Lincoln Bank dishonored the check when it refused to cash it.
The Crusades
These were a series of military campaigns by western Europe Christians in the high middle ages. the purpose was to liberate the holy land from Muslim occupation and rule.
