Examlex
What is the class of enzymes that help digest proteins?
Closing Rates
The exchange rates used to convert the financial statements of a foreign subsidiary into the presentation currency of the parent company for consolidation purposes.
Functional Currency
The primary currency used by a business or unit, reflecting the economic environment in which it primarily operates.
Foreign Operation
A subsidiary, associate, joint venture, or branch of a company that is located in a country different from the one where the parent company operates.
Presentation Currency
The currency in which a company's financial statements are presented.
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