Question: 3 M Co . is a US - Based MNC with net cash inflows of British pounds and net cash inflows of Swiss francs. The

3M Co. is a US-Based MNC with net cash inflows of British pounds and net cash inflows of Swiss francs. The 2 currencies are highly positively correlated. Antrax Co. is a US-based MNC that has the same level of net cash flows in these currencies as 3M Co. except that its British pounds represent net cash outflows. Which MNC is more exposed to exchange rate risk?
A.3M Co.
B. Antrax Co.
C. The two firms have similar exposure

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