• 2022-06-05
    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

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    • 0

      The price of one country's currency in units of another currency or commodity is the ________. A: foreign interest rate B: foreign currency exchange rate C: par value D: international rate

    • 1

      Which of the following is not the currency of foreign currency loan? A: USD B: EUR C: CAD D: JPY

    • 2

      ( ) means that the accounting is based on the measurement of currency with currency stability. A: The time period B: The business entity C: The going-concern D: The monetary unit

    • 3

      A convertible currency is a currency that may be freely exchanged for______. ( ) A: national currency. B: only silver. C: only copper. D: foreign currencies.

    • 4

      The principle of selecting the currency of account in the payment for goods in international trade is [ ] A: hard currency for collection and payment B: hard currency for collection and soft currency for payment C: soft currency for collection and hard currency for payment D: soft currency for collection and payment