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Translation exposure matters: Question 26 options: if the firm's cash flows are materially impacted only if the subsidiary's local currency appreciates relative to the home

Translation exposure matters:

Question 26 options:

if the firm's cash flows are materially impacted

only if the subsidiary's local currency appreciates relative to the home country currency

only if the subsidiary's local currency depreciates relative to the home country currency

none of the above

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