A U.S. company reports a remeasurement loss on its Mexican subsidiary and a translation gain on its Swiss subsidiary. Which is most likely true?
A) The U.S. dollar weakened against the Mexican peso and strengthened against the Swiss franc.
B) The U.S. dollar weakened against both the Mexican peso and the Swiss franc.
C) The U.S. dollar strengthened against the Mexican peso and weakened against the Swiss franc.
D) The U.S. dollar strengthened against both the Mexican peso and the Swiss franc.
Correct Answer:
Verified
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