Which of the Following Firms Is Not Exposed to Translation

Which of the following firms is not exposed to translation exposure

A) firm X, with a fully owned subsidiary that periodically remits earnings generated in Great Britain to the U.S.-based parent.
B) firm Y, with a fully owned subsidiary that periodically generates foreign losses in Sweden;the parent covers at least some of these losses.
C) firm Z, with a fully owned subsidiary that generates substantial earnings in Germany;the subsidiary never remits earnings but reinvests them in Germany.
D) all of the above firms are exposed to translation exposure.