A US Importer owes a Belgian Company ? 500,000 payable 30 days from today, expects that the US $ will weaken during this period.
a‐ What would you advise the importer to do?
b‐ What would happen to the profits of the US company if the $ were to strengthen during this period?
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Here are your answers:
a) I would advise the importer to pay their bill as soon as possible. The longer that they wait to ...