The cash manager of a domestic firm should source funds internationally to obtain the lowest borrowing cost and to place excess funds wherever the greatest return can be earned regardless of currency.
Given IRP and hedging opportunities this is true. See page 461. Likely a contentious question.

Question

Quizplus · Accepted Answer

According to the International Fisher Effect (IFE) and Interest Rate Parity (IRP), the cost of borrowing in different currencies should be equalized through the exchange rate. Therefore, a firm can source funds internationally to obtain the lowest borrowing cost. Additionally, a firm can use hedging opportunities to manage currency risk and place excess funds in foreign markets wherever the greatest return can be earned.

The Cash Manager of a Domestic Firm Should Source Funds