All of the following are examples of how a finance department can support international currency requirements except _____.
A)pay in U.S.dollars
B)identify the currency a firm should use for payment based on projections of currency fluctuations
C)provide advice about hedging and currency forecasts
D)act as a clearinghouse for offshore currencies to make payment for offshore purchases
E)provide advice as to whether to seek a new contract or renegotiate an existing one because of currency changes

Question

Quizplus · Accepted Answer

Paying in US dollars does not address the issue of international currency requirements or provide support for them. The other options all involve providing guidance or assistance with handling currency fluctuations and transactions in foreign currencies.

All of the Following Are Examples of How a Finance