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Basic Question 1 of 2

The primary currency of the foreign entity's operating environment is known as the

A. local currency.
B. functional currency.
C. presentation currency.

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

compare and contrast presentation in (reporting) currency, functional currency, and local currency;

CFA® 2024 Level II Curriculum, Volume 2, Module 13.