What Is a Foreign Currency Transaction

question 34

Multiple Choice

What is a foreign currency transaction?

• A) It is another name for an international transaction.
• B) It is a transaction that involves payment at a date sometime in the future.
• C) It is a business deal denominated in a currency other than a company's domestic currency.
• D) It is an economic event measured in a currency other than U.S. dollars.

---

Definitions:

Confidence Interval

An array of values, sourced from statistical analysis of a sample, believed to cover the value of an unspecified population parameter.

Mean

The average of a set of numerical values, calculated by adding all the figures together and then dividing by the number of values.

Population Standard Deviation

Square root of the population variance that represents the average deviation of a score from the population mean.

Confidence Interval

Re-formulated: An estimate expressing the degree of uncertainty or certainty in a sampling method.