Which of the following statement(s) is(are) correct with regard to economic exposure? Select all that apply.

a. Local sales (in the firms home country) are expected to decrease if the local (home) currency appreciates

b. Cash inflows from exports denominated in the local currency will also likely be reduced as a result of appreciation in that currency.

c. The cost of imported supplies denominated in the foreign currency will be reduced if the local currency appreciates

d. Any interest to be paid on financing in foreign currencies will be reduced (in terms of the local currency) if the local currency appreciates