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04-05-2024
Business

Answered

Which of the following statements about the risk of international trade is incorrect?

a. Country risk refers to the political and economic issues of a country.
b. Commercial risk refers to the risk associated with importing goods.
c. Currency risk is the potential for loss due to fluctuations in exchange rates.
d. Counterparty risk is the risk that the other party in a trade will default on its obligations.

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