M 10.1

Question 1

the currency in which the foreian operation measures and records its transactions

Answer 1

Local currency

Question 2

currency of the primary economic environment in which the entity operates
Presentation

Answer 2

Functional currency

Question 3

currency in which the rinancia statements of the entitv are presented

Answer 3

Presentation currency

Question 4

a subsidiary, associate, joint venture, or branch whose activities are based or
conducted in a country or currency other than chose or the reporting entity

Answer 4

Foreign operations

Question 5

exchange rate for immediate delivery

Answer 5

Spot rate

Question 6

spot exchange rate at the end of the reporting period

Answer 6

Closing rate

Question 7

exchange rate used for practicality to represent transactions evenly incurred during the year

Answer 7

Average rate

Question 8

exchange rate in ettect at the time an asset or liability is acquired

Answer 8

Historical rate

Question 9

difference resulting from translation a aiven number of units of one currency intc
another currency at different exchange rates

Answer 9

Exchange difference