The currency of the country where the foreign company is operating is the
A) base currency.
B) parent currency.
C) local currency.
D) third country currency.

Question

Quizplus · Accepted Answer

The local currency is the currency of the country where a foreign company is operating. It is the currency used by the local population and businesses to conduct transactions. Base currency is a term used in foreign exchange trading to refer to the currency against which other currencies are quoted. Parent currency and third country currency are not relevant to the currency of the country where the foreign company is operating.

The Currency of the Country Where the Foreign Company Is