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A furniture manufacturing firm that is entirely domestic (employment, raw materials, labor, etc.) does not need...

A furniture manufacturing firm that is entirely domestic (employment, raw materials, labor, etc.) does not need to worry about foreign currency exchange rate fluctuations.

True or False

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Answer #1

Companies which are trading with other countries are worry about the change in exchange rate because it will affect there receivable or payable.

Some companies which are dependent for there raw material or some specified labour on foreign countries than they are only affected with exchange rate.

So   it means if the domestic company entirely depend for raw material , labour & employment on domestic only than these types industries are not affect with foreign currency fluctuation.

It means the given statement is correct and true.

Answer = True.

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