The Euro has been a strong currency compared to the U.S.dollar.A firm considering direct foreign investment would report these finding under the heading of _____.
A) Timing
B) Legal issues
C) Transaction costs
D) Marketing communication barriers
E) Product differentiation

Question

Quizplus · Accepted Answer

The firm would report the strength of the Euro relative to the US dollar under the heading of transaction costs because a strong Euro would make it more expensive for the firm to convert their currency into Euros for investment purposes.

The Euro Has Been a Strong Currency Compared to the U.S.dollar.A