Multiple Choice
In 2012,global profits for McDonald's increased by 6.3 percent when measured in local currencies,but fell by 0.7 percent when measured in dollars.The reason for this discrepancy is the value of the
A) euro decreased relative to the British pound.
B) British pound increased relative to the U.S.dollar.
C) U.S.dollar increased relative to most other currencies.
D) U.S.dollar decreased relative to the Japanese yen.
Correct Answer:

Verified
Correct Answer:
Verified
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