The Functional Currency of a Foreign Unit Whose Receivables and Payables

question 10

Short Answer

The functional currency of a foreign unit whose receivables and payables are denominated in foreign currency and not usually remitted to parent company is the ______________________________.

---

Definitions:

Generalized Other

A concept in sociology referring to the general societal expectations and attitudes that individuals use to understand others' viewpoints and to guide their own behavior.

Looking-glass Self

A social psychological concept suggesting that an individual's self-concept is shaped by how they believe others perceive them.

Self-concept

An individual's understanding and evaluation of their own behaviors, abilities, and unique characteristics; essentially, one's mental and conceptual understanding of themselves.

Perceptions

The way in which something is regarded, understood, or interpreted, often influenced by an individual's experiences and biases.