Which of the Following Would Be Considered a Soft Currency

question 44

Multiple Choice

Which of the following would be considered a soft currency?

• A) Swiss franc
• B) Guyanese dollar
• C) Canadian dollar
• D) U.S. dollar

---

Definitions:

Discounts Own Note

A transaction where a business discounts or reduces the value of its own promissory note, often to raise short-term capital.

Notes Payable

Written promises to pay a specified sum of money, typically to a lender, by a certain date.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Normal Balance

The usual balance side (debit or credit) of an account, determined by the type of account, which helps in maintaining the double-entry accounting system.