The following is an extract from the 'Notes to the Accounts' explaining the foreign currency translation reserve. What are the rates represented by (a)and (b)?
A) (a) Current; (b) Spot.
B) (a) Historical; (b) Current.
C) (a) Current; (b) Historical.
D) (a) Spot; (b) Current.
E) (a) Forward; (b) Historical.

Question

The following is an extract from the 'Notes to the Accounts' explaining the foreign currency translation reserve.  What are the rates represented by (a)and (b)?
A) (a) Current; (b) Spot. 
B) (a) Historical; (b) Current. 
C) (a) Current; (b) Historical. 
D) (a) Spot; (b) Current. 
E) (a) Forward; (b) Historical.

Quizplus · Accepted Answer

The Answer of The following is an extract from the 'Notes to the Accounts' explaining the foreign currency translation reserve.  What are the rates represented by (a)and (b)?
A) (a) Current; (b) Spot. 
B) (a) Historical; (b) Current. 
C) (a) Current; (b) Historical. 
D) (a) Spot; (b) Current. 
E) (a) Forward; (b) Historical.

The Following Is an Extract from the 'Notes to the Accounts