Business, 01.08.2020 19:01 Champion9701

Depreciation of the euro relative to the U. S. dollar will cause a U. S.-based MNC’s reported earnings (from the consolidated income statement) to . If a firm desired to protect against this possibility, it could stabilize its reported earnings by euros forward in the foreign exchange market.

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Depreciation of the euro relative to the U. S. dollar will cause a U. S.-based MNC’s reported earnin...