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What is the rationale behind the choice of an exchange rate

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Problem 1: What is the rationale behind the choice of an exchange rate as an entity's functional currency? Explain in detail and Support your answer with example!

Reference no: EM132756345

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What is the rationale behind the choice of an exchange rate : What is the rationale behind the choice of an exchange rate as an entity's functional currency? Explain in detail and Support your answer with example!
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