Thornton Corporation has extensive liabilities denominated in Cyprus pounds resulting from imports from Cyprus. However, Thornton's revenues are denominated solely in U.S. dollars. Which of the following is probably not true?
a. Thornton would benefit from a depreciation of the Cyprus pound.
b. Thornton has at least some transaction exposure.
c. Thornton has at least some economic exposure.
d. Thornton has at least some translation exposure.
e. All of the above are true.
Ans: d. Thornton has at least some translation exposure.
Business
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