- CFA Exams
- CFA Level I Exam
- Study Session 5. Financial Reporting and Analysis (1)
- Reading 15. Multinational Operations
- Subject 2. Role of the Functional Currency
CFA Practice Question
The primary currency of the foreign entity's operating environment is known as the
B. functional currency.
C. presentation currency.
A. local currency.
B. functional currency.
C. presentation currency.
Correct Answer: B
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