Describe a Virtual Machine

question 36

Essay

 Describe a virtual machine.

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Definitions:

Exchange Rates

The rate at which one currency can be exchanged for another, which can fluctuate due to market forces.

Functional Currency

The money type utilized in the financial statements of a business, which is from the main economic setting where the business functions.

Local Currency

The currency of the country in which the foreign operation is based.

Spot Exchange Rate

The exchange rate at a point of time for immediate delivery of the currency in an exchange.