A US company purchases merchandise from a Mexican company Th

A U.S. company purchases merchandise from a Mexican company. The Mexican company requires payment in Pesos. In this transaction, the dollar would be referred to as the ________ currency.

a. measurement or reporting

b. denominated

c. purchasing

d. functional

Solution

Multiple choice

A U.S. company purchases merchandise from a Mexican company. The Mexican company requires payment in Pesos. In this transaction, the dollar would be referred to as the ________ currency

So answer is d) Functional