The Functional Currency Is

question 18

Multiple Choice

The functional currency is

• A) the U.S. dollar.
• B) any currency other than the parent currency.
• C) the currency of the primary economic environment in which the firm operates.
• D) the currency in the country where the foreign firm is operating as long as it is also the reporting currency.

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Definitions:

Range

The difference between the highest and lowest values in a set of numbers; a measure of dispersion or variability.

Median

The middle value in a sorted list of numbers, effectively dividing the dataset into two halves.

IQR

IQR, or Interquartile Range, measures the middle 50% spread of a dataset by calculating the difference between the first (25th percentile) and third (75th percentile) quartiles.

Range

The difference between the highest and lowest values in a dataset.