The 'functional currency' of a business is:

Question

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The functional currency of a business is the currency of the primary economic environment in which the company operates. This is the currency that the business uses for everyday transactions, such as paying suppliers and employees, and is also the currency in which the company prepares its financial reports. It is not necessarily the currency of the country in which the business is incorporated or the country where the majority of its shareholders are located.

The 'Functional Currency' of a Business Is