Farley Brothers, a U

question 97

Essay

Farley Brothers, a U.S. company, had a subsidiary in Italy. Under what conditions would the U.S. dollar be considered the functional currency for this subsidiary?

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Definitions:

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Self-Esteem

An individual's subjective evaluation of their own worth, characterized by attitudes of approval or disapproval about oneself.

Persuaded

The act of being convinced to do or believe something through reasoning or argument.

Influenced

The capacity or power of persons or things to be a compelling force on the actions, behavior, opinions, etc., of others.