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Although the initial cost of capital may be greater with local borrowing, it may be better to borrow locally if the.

User SantiClaus
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Answer:

local currency is expected to depreciate on the foreign exchange market.

Step-by-step explanation:

Although the initial cost of capital may be greater with local borrowing, it may be better to borrow locally if the local currency is expected to depreciate on the foreign exchange market

User Badr Tazi
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