1 1 . Thornton Corporation has extensive liabilities denominated in Cyprus pounds resulting from imports from Cyprus . However , Thornton's revenues are denominated solely in U.S . dollars . Which of the following is probably not true ? a . Thornton would benefit from a depreciation of the Cyprus pound b . Thornton has at least some economic exposure C . Thornton has at least some translation exposure d . Thornton has at least some transaction exposure e . All of these choices are true