
a.
Introduction: Foreign exchange rate is the rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e. direct exchange rate and indirect exchange rate.
Direct exchange rate: It is the rate at which price of a unit of the foreign currency is expressed in the unit of local currency.
Indirect exchange rate: It is the rate at which price of a unit of the local currency is expressed in the unit of foreign currency.
The denomination of the currency of the transaction.
b.
Introduction: Foreign exchange rate is the rate at which currency of one country is changed to currency of another country is called foreign exchange rate. Mainly there are two rate, i.e. direct exchange rate and indirect exchange rate.
Direct exchange rate: It is the rate at which price of a unit of the foreign currency is expressed in the unit of local currency.
Indirect exchange rate: It is the rate at which price of a unit of the local currency is expressed in the unit of foreign currency.

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Chapter 11 Solutions
EBK ADVANCED FINANCIAL ACCOUNTING
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