40. American companies do business in Venezuela. With the recent collapse of the economy, 64 companies on
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40. American companies do business in Venezuela. With the recent collapse of the economy, 64 companies on the S&P 500 have "informed investors through regulatory filings this year about write-offs or exposure stemming from the nation's tight grip on imports and exchange rates." If companies leave the country and move all of their assets out, this will put pressure on the bolivar to:
- appreciate.
- stay constant.
- depreciate.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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