If the British Subsidiary of a European Firm Has Net

question 43

Multiple Choice

If the British subsidiary of a European firm has net exposed assets of £250,000, and the pound drops in value from euro 1.40/£ to euro 1.30/£, the European firm has a translation ________.

• A) gain of euro 12,500
• B) loss of euro 12,500
• C) loss of £12,500
• D) gain of £12,500

---

Definitions:

Fossil Species

The remains or imprints of organisms from earlier geological periods preserved in rock.

Geologic Timescale

A chronological dating system that relates geological strata to time, used by geologists to describe the timing and relationships between events that have occurred throughout Earth's history.

Fossil Data

Information derived from fossils that helps in understanding the past, including the history of life and ancient environments.

Time Period

A specific duration or interval of time, often characterized by certain events, conditions, or phenomena.