When the Dollar Strengthens, the Reported Consolidated Earnings of U

Multiple Choice

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.

A) favorably; favorably affected but by a smaller degree
B) favorably; favorably affected by a higher degree
C) unfavorably; favorably affected
D) favorably; unfavorably affected