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Although much of the equipment used by dentists is thrown away after one use, many of the instruments used to clean teeth, fill cavities, and deal with impactions and other dental problems are made of steel and must be sterilized. A dentist is considering replacing his conventional steam sterilizer with a chemical sterilizer that cleans without rusting or corroding instruments. Because the dentist is already familiar with sterilizers, he is looking to find the best price possible on a chemical sterilizer. He is engaged in a ________.
Exchange Rates
The price at which one currency can be exchanged for another, influencing international trade and investments.
Exchange Gain
A profit realized from the increase in value of foreign currency assets due to favorable changes in exchange rates.
Functional Currency
A company's primary currency used in its operations and financial reporting, often where the company principally generates and expends cash.
Exchange Rates
The price at which one currency can be exchanged for another currency in the foreign exchange market.
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