True or false: A multinational company reports that a large amount of its sales is generated in foreign currencies that have strengthened vis$--$vis the $US$.$ Consolidated revenues are likely lower than would have been reported in the absence of such a shift in exchange rates.

False. Strengthening foreign currencies implies a weakening $US$.$ As the $US weakens, foreign currencies purchase less $US$,$ resulting in an decrease in foreign currency$-$denominated sales, expense and profit. Consolidated revenues will therefore, likely be higher.

True. Strengthening foreign currencies implies a weakening $US$.$ As the $US weakens, foreign currencies purchase less $US$,$ resulting in an decrease in foreign currency$-$denominated sales, expense and profit. Consolidated revenues will therefore, likely be lower.

False. Strengthening foreign currencies implies a weakening $US$.$ As the $US weakens, foreign currencies purchase more $US$,$ resulting in an increase in foreign currency$-$denominated sales, expense and profit. Consolidated revenues will therefore, likely be higher.

True. Strengthening foreign currencies implies a weakening $US$.$ As the $US weakens, foreign currencies purchase less $US$,$ resulting in an increase in foreign currency$-$denominated sales, e