MANY FOREIGN SUBSIDIARIES IN DEVELOPING COUNTRIES ARE NOT ALWAYS FR...

5. Many foreign subsidiaries in developing countries are not always free to remit their earnings in hard currency mainly because . * A. many developing countries do not have sufficient international reserves B. foreign subsidiaries want to retain earnings for current operations C. foreign subsidiaries do not want to repatriate earnings to their parent D. subsidiary managers want to maximize their own cash flows E. the parent company wants its subsidiaries to have financial stability