Examlex
What is the difference between a devaluation and a revaluation of a currency?
Functional Currency
The main currency used by a business or unit in its day-to-day operations.
Exchange Rate
The price at which one currency can be exchanged for another, often fluctuating based on market conditions.
Consolidated Balance Sheet
A financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries into one document.
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