Business and Financial Risk Management - Entry Test

Question 1 of 10

You have a currency receivable of US$1 million due in 3 months. You have no doubt that the money will arrive on the due date. Due to your investment programme, in euro, you would like to gain access to the cash now. In order to achieve this you propose to borrow US\$ 1 million now on overdraft, convert to euro (€) and make the capital investment.

Which of the following statements best reflects this situation?

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