IIA Exam IIA-CRMA Topic 4 Question 86 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 86
Topic #: 4

Which of the following is the most effective strategy to manage the risk of foreign exchange losses due to sales to foreign customers?

AHire a risk consultant.

BImplement a hedging strategy.

CMaintain a large foreign currency balance.

DInsist that customers only pay in a stable currency.

Show Suggested Answer

Suggested Answer: C

by Levi at Sep 08, 2024, 09:29 PM

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4 days ago

I disagree. I believe hiring a risk consultant would be more effective in managing the risk.

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5 days ago

I agree with Wade. Hedging can help protect against foreign exchange losses.

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13 days ago

I think the most effective strategy is to implement a hedging strategy.

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