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Basic Question 1 of 2
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.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
compare and contrast presentation in (reporting) currency, functional currency, and local currency;
CFA® 2025 Level II Curriculum, Volume 2, Module 12.