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Depreciation of the euro relative to the U.S. dollar will cause a U.S.-based multinational firm's reported equity (from the consolidated balance sheet) to ____. If
Depreciation of the euro relative to the U.S. dollar will cause a U.S.-based multinational firm's reported equity (from the consolidated balance sheet) to ____. If a firm desired to protect against this possibility, it could ____ euros forward in the foreign exchange market.
increase; purchase | ||
increase; sell | ||
be reduced; sell | ||
be reduced;purchase |
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