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A U.S. company purchases medical lab equipment from a Japanese company. The Japanese company requires payment in Japanese yen. In this transaction, the yen would

A U.S. company purchases medical lab equipment from a Japanese company. The Japanese company requires payment in Japanese yen. In this transaction, the yen would be referred to as the

a.

domestic currency for the U.S. company.

b.

denominated currency.

c.

purchasing currency.

d.

selling currency.

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