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1. What is the definition of an exchange rate as the term is used in FASB ASC 830 ? ( Hint: See the Glossary to

1. What is the definition of an exchange rate as the term is used in FASB ASC 830? (Hint: See the Glossary to FASB ASC 830.)

Please be specific. Please use your own words and do not copy and paste the answer from the test bank (I have it). Thank you.

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