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How can water exist as liquid at temperatures higher than its boiling point?
Current-Rate Method
An accounting method used in translating the financial statements of a foreign subsidiary, where all current and non-current items are translated at the current exchange rate.
Functional Currency
The primary currency used by a business or entity in its daily operations.
South African Rand
The South African Rand is the official currency of South Africa, denoted by the symbol ZAR.
Functional Currency
The currency of the primary economic environment in which an entity operates and carries out its transactions, used in its financial reporting.
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