2. 外语
  3. Discussion--about 5 minutes In this part of the test you are given a discussion topic. You have 30 seconds to look at the prompt

Discussion--about 5 minutes In this part of the test you are given a discussion topic. You have 30 seconds to look at the prompt

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问题 Discussion--about 5 minutes
In this part of the test you are given a discussion topic. You have 30 seconds to look at the prompt card, an example of which is below, and then about 3 minutes to discuss the topic with your partner. After that examiner will ask you more questions related to the topic.
选项
答案A: What is your idea about foreign exchange risk? B: Foreign exchange risk management begins by identifying what items and amounts a firm has exposed to risk associated with changes in exchange rates. An asset, liability, profit or expected future cash flow stream is said to be exposed to exchange risk when a currency movement would change, for better or for worse, its parent or home currency value. A: I know that risk arises because currency movements may alter home currency values. B: But I’m not quite clear about foreign exchange exposure category. A: The term, exposure, used in the context of foreign exchange, means that a firm has assets, liabilities, profits or expected future cash flow change as exchange rate change. Foreign exchange exposure is usually categorized according to whether it falls into one or more of several categories. B: Oh, I’ve got it. They are transaction exposure, translation exposure and economic exposure. A: Yes. Transaction exposure arises because a payable or receivable is denominated in a foreign currency. Translation exposure arises on the consolidation of foreign currency denominated assets and liabilities in the process of preparing consolidated accounts. B: Then, economic exposure arises because the present value of a stream of expected future operating cash flows denominated in the home currency or in a foreign currency may vary due to changed exchanged rates.
解析
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