A Decline in Value of a Company's Reporting Currency Relative

question 30

True/False

A decline in value of a company's reporting currency relative to the foreign currency in which it has payables will result in a foreign exchange gain on the reporting company's books.

---

Definitions:

Modeling

A learning process in psychology where individuals learn new behaviors or information by observing and imitating others.

Conformity

The process of aligning one's attitudes, beliefs, and actions with the norms or standards of a group.

Social Psychology

The scientific study of how individuals think, feel, and behave in a social context.

Behave Toward

The manner in which an individual acts or conducts themselves in relation to others or a particular situation.