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The nation of Deadoa is experiencing hyperinflation. A subsidiary of a multinational operating in Deadoa will notice changes in its purchasing power and in its financial results as reported on its parent company's financial statements. Which of the following best describes the situation for a subsidiary operating in Deadoa? Purchasing power will: A. dramatically appreciate and the local currency will be rapidly appreciating against the presentation currency. B. quickly deteriorate and the local currency will be rapidly depreciating against the presentation currency. C. quickly deteriorate and the local currency will be rapidly appreciating against the presentation currency. |