American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of:

American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of: Correct Answer Unit of measurement concept

American companies prepare their financial statement in Dollars whereas Japanese companies produce financial statement in Yen. This is an example of Unit of measurement concept.

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The exchange rate is the ruling official rate of exchange of dollars for other currencies . It determines the value of American goods in relation to foreign goods. If the the dollar is devalued in terms of other currencies , American exports ( which are