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When developing the conceptual design of a system,
Historical Rate of Exchange
The exchange rate that was in effect at the time of a past transaction.
Foreign Currency Units
Units of currency used in a country other than one's own, representing money from foreign nations.
Noncurrent Liability
Long-term financial obligations listed on a company’s balance sheet that are not due within the next 12 months.
Long-Term Obligation
A liability or debt expected to be paid or settled over a period longer than one fiscal year.
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