A Transaction Gain or Loss at the Settlement Date Is

question 32

Multiple Choice

A transaction gain or loss at the settlement date is:

• A) a change in the exchange rate quoted by a foreign exchange trader.
• B) synonymous with the translation of foreign currency financial statements into dollars.
• C) the difference between the recorded dollar amount of an account receivable denominated in a foreign currency and the amount of dollars received.
• D) the difference between the buying and selling rate quoted by a foreign exchange trader at the settlement date.

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Definitions:

Ages 60

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