| Slide 26 of 32 |
| Translation Exposure |
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| Measures
impact that exchange rate fluctuations have |
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| upon an MNC’s
consolidated financial statement |
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| u | Affects value of
assets, liabilities and |
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| earnings |
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| u | Argument for
relevance to MNC |
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| – | affects financial
statements (MNC |
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| performance) |
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| – | reflects an
earlier trend in opinions |
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