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A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates annual revenue of 1 0 million. If the exchange rate
A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates annual revenue of million. If the exchange rate between the euro EUR and the Japanese yen JPY changes from EUR to EUR what impact would this exchange rate movement have on the subsidiary's revenue in JPY terms?
Increase in revenue
No impact on revenue
Decrease in revenue
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