Thornton Corporation has extensive liabilities denominated in Cyprus pounds resulting from imports from Cyprus. However, Thorton sells only in the United States and its revenues are denominated solely in U.S. dollars. Thorton has no foreign subsidiaries. Which of the following is probably NOT true?
A) Thornton would benefit from a depreciation of the Cyprus pound. B) Thornton has at least some economic exposure. C) Thorton has at least some translation exposure. D) Thorton has at least some transaction exposure.