Multiple Choice
_____ Which of the following items is a factor pointing toward the use of the U.S. dollar as the functional currency?
A) The exchange rate widely fluctuates during the year.
B) A high volume of intercompany transactions occurs.
C) Financing is primarily denominated in the foreign currency.
D) An active sales market exists in the foreign country.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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