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Appreciation of the euro relative to the U.S. dollar will cause a U.S.-based MNC's reported earnings (from the consolidated income statement) to ____. If a

Appreciation of the euro relative to the U.S. dollar will cause a U.S.-based MNC's reported earnings (from the consolidated income statement) to ____. If a firm desired to reduce the exposure of its consolidated earnings to exchange rate movements, it could stabilize its reported earnings by ____ euros forward in the foreign exchange market.

a. be reduced; purchasing
b. be reduced; selling
c. increase; purchasing
d. increase; selling

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