Question

For years o.r.t. technologies resisted moving any operations outside israel. however, when faced with a sharp rise in the value of the shekel, the maker of specialized software for managing gas stations froze all local hiring and decided to transfer some developmental work to eastern europe. this is an example of _____________ risk.

Answer 1

currency risk

Step-by-step explanation:

Based on the scenario being described within the question it can be said that this is an example of currency risk. This term, also known as exchange rate risk, is the possibility that an individuals assets or investments values will be negatively affected by currency depreciation. This risk is greatly increased when dealing with foreign currencies.