Hedging foreign currency is a concept that serves as a stabilizingfactor when dealing with the global economy and transactions that are computedand fulfilled in a foreign currency.
However, hedging is used in many other situations than foreigncurrency. Conduct research to get a firm grasp on the concept of hedging. Feelfree to research hedging in the stock market, futures market, or any other aspectof the business world that uses hedging as a risk offset.
In your own words, define hedging? Why is it important that youunderstand this concept? How is this concept utilized in the accountingindustry?
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