Question: ency Risk Go Back A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates annual revenue of 1 0 million.

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A multinational technology company headquartered in Japan has a subsidiary in Europe. The subsidiary generates annual revenue of 10 million. If the exchange rate between the euro (EUR) and the Japanese yen (JPY) changes from 1 EUR =130 JPY to 1 EUR =120 JPY, what impact would this exchange rate movement have on the subsidiary's revenue in JPY terms?
Increase in revenue
Decrease in revenue
No impact on revenue
ency Risk Go Back A multinational technology

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