A parent company based in the United  States has a subsidiary in the United Kingdom. The subsidiary company operates largely  independently of the parent company, and the subsidiary 's cash flows are primarily in British pounds. The parent company receives its cash primarily in the U.S dollars.

 

What are the functionary currencies of the parent and the subsidiary firm?

Answer rating: 100% (QA)

The functional currency of a company is the currency of the primary economic environm... View the full answer