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Suppose that a Mexican firm imports steel for its operations from the US and sells its finished products to Canada. If the peso appreciates against

Suppose that a Mexican firm imports steel for its operations from the US and sells its finished products to Canada. If the peso appreciates against the US dollar and depreciates against the Canadian dollar, which of the following will occur, all else being equal?

The Mexican firm's cash inflows will decrease.

The Mexican firm's cash outflows will increase.

The Mexican firm will increase in value.

The Mexican firm will decrease in value.

None of the above

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