When the euro strengthens, the reported consolidated earnings of euro-based MNCs are ____ affected by translation exposure. When the euro weakens, the reported consolidated earnings are ____ affected.
A) favourably; favourably affected but by a smaller degree
B) favourably; favourably affected by a higher degree
C) unfavourably; favourably affected
D) favourably; unfavourably affected
Correct Answer:
Verified
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