The functional currency is：（ ）
A: The currency of the primary economic environment in which the undertaking operates.
B: The national currency of the country where an undertaking is based.
C: Neither of the above.
A: The currency of the primary economic environment in which the undertaking operates.
B: The national currency of the country where an undertaking is based.
C: Neither of the above.
举一反三
- Which of the following is NOT part of a country's "economic fundamentals"? A: the amount of speculation conducted with a nation's currency B: policies pursued by the nation's government C: the national currency's exchange rate D: policies pursued by the nation's central bank
- Which one of the following is not one of the types of foreign currency derivative used to hedge foreign currency risk? A: Currency futures B: Currency options C: Currency default swaps D: Currency swaps
- Which one of the following statements is the MOST accurate? （ ) A: A depreciation of a country's currency makes its goods more expensive for foreigners. B: An appreciation of a country's currency makes its goods more expensive. C: A depreciation of a country's currency makes its goods cheaper for foreigners. D: A depreciation of a country's currency makes its goods cheaper.
- Which of the following best describes an appreciated currency? A: It takes less of another currency to buy that currency B: The depreciated currency can buy more domestic goods and services C: The value of two currencies has equalized D: It takes more of another currency to buy that currency
- Bonds that are sold in a foreign country and are denominated in a currency other than that of the country in which they are sold are known as _________