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    Exam 7: Foreign Currency Transactions and Forward Exchange Contracts
  5. Question
    Which Exchange Rate Is Used at the End of the Reporting
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Which Exchange Rate Is Used at the End of the Reporting

Question 12

Question 12

Multiple Choice

Which exchange rate is used at the end of the reporting period?


A) The indirect rate.
B) The spot rate.
C) The closing rate.
D) The ending rate.

Correct Answer:

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