Examlex
Mastication is the more technical term for swallowing.
Translation Rate
The exchange rate used in translating the financial statements of a foreign entity into the functional currency for reporting purposes.
Functional Currency
The currency of the primary economic environment in which an entity operates, typically used in preparing financial statements.
Translation Rate
The rate used to convert financial statements of a foreign operation into the presentation currency of the reporting entity.
Foreign Currency
Currency that is used in a country other than the one where a company or individual is based.
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