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Question
Which of the following is associated with the currency risk of international lending by a U.S. bank?a. The Spanish borrower is slow to pay the U.S. bank.
b. The U.S. bank is paid dollars by its foreign borrowers.
c. A U.S. bank receives an interest payment from a French borrower paid in Euros.
d. A U.S. bank holds a mortgage on property in a country in the middle of a civil war.
Answer
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Related questions
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d. The U.S. Treasury Department Act
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