Which of the Following Statements Is True of the Relationship

question 59

Multiple Choice

Which of the following statements is true of the relationship between foreign currency transactions, exchange rate changes, and foreign exchange gains and losses?

• A) In an export sales, depreciation of the foreign currency causes a foreign exchange gain.
• B) In an import purchase, appreciation of the foreign currency causes a foreign exchange gain.
• C) In an import purchase, depreciation of the foreign currency causes a foreign exchange loss.
• D) In an export sales, appreciation of the foreign currency causes a foreign exchange gain.

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Definitions:

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, responsible for connecting the central nervous system to limbs and organs.

Somatic Nervous System

Part of the peripheral nervous system that is responsible for carrying sensory and motor information to and from the central nervous system.

Movement

The act or process of moving; a change of place or position, often referring to physical activity or migration.

Spinal Cord

The spinal cord is a long, thin, tubular structure made up of nervous tissue that extends from the medulla oblongata in the brainstem to the lumbar region of the vertebral column.