Q. When the dollar strengthens, the reported consolidated earnings of U.S. based MNCs are _______ affected by translation exposure. When the dollar weakens, the reported consolidated earnings are __________ affected. (Solved)
1. favorably; favorably affected but by a smaller degree
2. favorably; favorably affected by a higher degree
3. unfavorably; favorably affected
4. favorably; unfavorably affected
- c. unfavorably; favorably affected