Choose the Word or Phrase in [ ] Which Will

question 108

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The first step to take in establishing a credit history is to [get a credit card | open checking and savings accounts].

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Definitions:

Foreign Currency Transaction

A business deal or operation that involves the exchange of currencies from two different countries.

Australian Dollars

The official currency of Australia, symbolized as AUD.

Closing Rate

The exchange rate at the balance sheet date used to convert foreign currency denominated financial statements into the presentation currency.

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used in its financial reporting.