A U.S. company purchases medical lab equipment from a Japanese company. The Japanese company requires payment in Japanese yen. In this transaction, the yen would be referred to as the

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The Japanese yen is the currency in which the medical lab equipment is denominated or priced. It is not the domestic currency for the U.S. company, as that would be the U.S. dollar. It is also not the purchasing or selling currency as those terms are generally used to refer to the currency being used to buy or sell a product or service, which in this case would be the U.S. dollar.

A US Company Purchases Medical Lab Equipment from a Japanese Company