How the depreciation of the Chinese yuan against the Australian...

How the depreciation of the Chinese yuan against the Australian dollar would affect the cost to an Australian company that borrowed Chinese yuan and used the proceeds for an Australian project.
 

Select one:

a.

 

Australian company's cost of borrowing will be lower

 

 

 

 

b.

 

Australian company's cost of borrowing will be higher

 

 

 

 

c.

 

Chinese yuan company's cost of borrowing will be lower

 

 

 

 

d.

 

Chinese company's cost of borrowing will be higher