What is a foreign currency transaction?
A. It is another name for an international transaction.
B. It is a transaction that involves payment at a date sometime in the future.
C. It is a business deal denominated in a currency other than a company’s domestic currency.
D. It is an economic event measured in a currency other than U.S. dollars.
Answer:C
What is a foreign currency transaction?
A. It is another name for an international transaction. B. It is a transaction that involves payment at a date sometime in the future. C. It is a business deal denominated in a currency other than a company’s domestic currency. D. It is an economic event measured in a currency other than U.S. dollars.