U.S.-based MNCs invoicing in Asian currencies and incurring expenses in Asian currencies were probably less affected by weakness of Asian currencies than U.S.-based MNCs that invoice in Asian currencies but do not incur expenses in those currencies.

Question

Quizplus · Accepted Answer

U.S.-based MNCs invoicing in Asian currencies and incurring expenses in Asian currencies are able to offset any weakness in the currency through the expenses, whereas U.S.-based MNCs that invoice in Asian currencies but do not incur expenses in those currencies are more susceptible to the weakness of the Asian currencies.

US-Based MNCs Invoicing in Asian Currencies and Incurring Expenses in Asian