In 2014,global Revenue for IBM Was $2 Billion Lower When

question 29

Multiple Choice

In 2014,global revenue for IBM was $2 billion lower when measured in dollars than when measured in local currencies.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.

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