Who Generally Is Responsible for Providing the Accounting Department with Information

question 56

Multiple Choice

Who generally is responsible for providing the accounting department with information about financing and investing activities to create the appropriate general ledger journal entries?

• A)The budget department.
• B)The CFO.
• C)The treasurer.
• D)The CEO.

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Definitions:

Currency Depreciate

A decrease in the value of a currency relative to other currencies in the foreign exchange market.

Currency Appreciate

The increase in the value of one currency relative to another in the exchange rate markets.

Fixed Exchange Rate

Rate of exchange between currencies pegged within a narrow range and maintained by the central bank’s ongoing purchases and sales of currencies.

Central Banks

National financial institutions that provide financial and banking services for a country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency.