This chapter explores the impact of currency fluctuations on cash flows, on assets and liabilities, and on the real business of the firm.

这一章探讨了币值波动对公司实体业务的现金流动，资产和负债的影响状况。

youdao

Real assets are those that generate cash regularly. Those that did not are nothing but liabilities.

房地产虽能定期地产生现金，但不给您带来现金流的就是负债。

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In Beijing, the larger the risk factors are high in real estate development enterprises operating liabilities implicit financial risks.

在北京，较大的风险因素则是房地产开发企业高负债经营隐含财务风险。

youdao

This arrangement came crashing down in the fall of 2008 as mortgage defaults increased and the guarantees became real liabilities.

FORBES: Weaning Ourselves from Economic Steroids - Excess Debt

Hiding tens of billions in real estate and mortgage liabilities for a period of days just to dress up quarterly reports is fraud.

FORBES: Repo 105 Charge Offers a Touch of Closure

These real-world impacts will be felt when currently unfunded liabilities need to be paid.

WSJ: Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt