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If the British Pound (GBP) depreciates against the U.S. dollar over this year, the consolidated earnings of a U.S. company with a subsidiary in the
If the British Pound (GBP) depreciates against the U.S. dollar over this year, the consolidated earnings of a U.S. company with a subsidiary in the United Kingdom (which uses GBP) will be [ ] as a result of the exchange rate movement. Negative Adversely affected Favorably affected Unaffected Question 17 2.5pts If a U.S. firm has more revenue than expenses denominated in Euros, the firm will likely [ ] if the euro [ ]. Benefit; weakens Suffer; weakens Be unaffected; strengthens Suffer; strengthens
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