

McqMate
Q. |
For the purpose of translations, current rate refers to |
A. | The rate current at the time of transaction. |
B. | The rate prevailing on the date of the balance sheet. |
C. | The rate prevailing on the date of preparation of the balance sheet. |
D. | The spot rate |
Answer» B. The rate prevailing on the date of the balance sheet. |
View all MCQs in
Foreign Exchange ManagementNo comments yet