When the Exchange Rate for a Foreign Currency Changes Between

question 4

Multiple Choice

When the exchange rate for a foreign currency changes between a sale and the receipt of payment -

• A) the amount of the bank deposit is determined by the rate at the time of the sale
• B) the amount of the bank deposit is determined by the rate at the time of the receipt
• C) the amount of revenue is determined by the rate at the time of the receipt
• D) the amount of revenue is the average of the two exchange rates

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