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    Issues in Financial Accounting Study Set 1
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    Exam 24: Foreign Currency Translation
  5. Question
    A Transaction That Is Denominated on or Requires Settlement in a Foreign
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A Transaction That Is Denominated on or Requires Settlement in a Foreign

Question 14

Question 14

Multiple Choice

A transaction that is denominated on or requires settlement in a foreign currency is:


A) a forward agreement
B) a foreign currency transaction
C) a spot rate
D) a hedging instrument

Correct Answer:

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