Depreciation of the pound relative to the US dollar will cause a US-based multinational firm's reported earnings (from the consolidated income statement) to ____. If a firm desired to protect against this possibility, it could stabilize its reported earnings by ____ pounds forward in the foreign exchange market.

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The Answer of Depreciation of the pound relative to the US dollar will cause a US-based multinational firm's reported earnings (from the consolidated income statement) to ____. If a firm desired to protect against this possibility, it could stabilize its reported earnings by ____ pounds forward in the foreign exchange market.

Depreciation of the Pound Relative to the US Dollar Will