Globe International, an Australian multinational company, has a subsidiary in China that remit earnings to it each year. Globe International's valuation should

Select one:

a.

increase because the appreciation of the Chinese yuan against Australian dollar

b.

increase because the depreciation of the Chinese yuan against Australian dollar

c.

increase because the appreciation of the Australian dollar against Chinese yuan

d.decrease because the appreciation of the Chinese yuan against Australian dollar

e.decrease because the depreciation of the Australian dollar against Chinese yuan