Micron Tech Co. and Applied Technologies Co. both import materials from Germany for their production. Total import values of the two companies are very similar. Micron Tech then sells its end products to the US consumers. Applied Technologies also sells its end product in the US markets. However, Applied Technologies can also export its products to several European countries. Which company has larger transaction exposure?

Question 2 options:

	Applied Technologies
	Micron Tech
	the firms have about the same level of exposure.
	neither firm has any exposure.