Which of the Following Is a True Statement Regarding the Recording

question 13

Multiple Choice

Which of the following is a true statement regarding the recording of a transaction which involves foreign currency?

• A)A transaction is always settled in the currency in which it is denominated.
• B)A transaction is always measured in the currency in which it is denominated.
• C)A transaction is always settled in the currency in which it is measured.
• D)A transaction is always recorded in the currency in which it is denominated.