The primary difference between IFRS and US GAAP related to the determination of the Functional Currency of a foreign subsidiary is:

Group of answer choices

GAAP has $3$ primary and $6$ secondary criteria and IFRS has just $6$ criteria

IFRS does not require the determination of a functional currency

IFRS has $6$ criteria to determine the functional currency and GAAP has only $3$

IFRS has $3$ primary and $6$ secondary criteria and GAAP has just $6$ criteria