All of the Following Statements Sum Up the Characteristics and Requirements

question 31

Multiple Choice

All of the following statements sum up the characteristics and requirements of proper private key use EXCEPT:

• A)The key should be stored securely.
• B)The key should be shared only with others you trust.
• C)Authentication should be required before the key can be used.
• D)The key should be transported securely.

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Definitions:

Presentation Currency

The currency in which the financial statements of an entity are presented, which may differ from the entity's functional currency.

Exchange Rates

The worth of a currency when exchanged for another currency.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determined by the currency that influences sales prices for goods and services.

Exchange Differences

Gains or losses resulting from the conversion of foreign currency transactions into the functional currency of a business.