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Explain Urie Bronfenbrenner's ecological-systems theory and describe his five systems.
Functional Currency
The primary currency used by a business or entity in its financial operations and reporting.
Current Monetary Assets
Assets held by a company that are in the form of cash or can be easily converted into cash within a short period, typically one year.
Total Liabilities and Equity
The sum of all liabilities (what a company owes) plus the owners' equity (the original investment plus any retained earnings).
Exchange Rates
The rate at which one currency can be exchanged for another, affecting international trade and investments.
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