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. | |
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