McqMate
Q. |
Which of the following operations benefits from depreciation of the firm's local currency? |
A. | borrowing in a foreign country and converting the funds to the local currency prior to the depreciation. |
B. | purchasing foreign supplies. |
C. | investing in foreign bank accounts denominated in foreign currencies prior to depreciation of the local currency. |
D. | A and B |
Answer» C. investing in foreign bank accounts denominated in foreign currencies prior to depreciation of the local currency. |
View all MCQs in
International Financial ManagementNo comments yet