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valputin valputin
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8 years ago
In emerging market countries, many firms have debt denominated in foreign currency like the dollar or yen. A depreciation of the domestic currency
A) results in an increase in the value of the firm's assets.
B) means that the firm does not owe as much on their foreign debt.
C) strengthens their balance sheet in terms of the domestic currency.
D) results in increases in the firm's indebtedness in domestic currency terms, even though the value of their assets remains unchanged.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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#2
8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
Slight Smile Good luck with the rest
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