Respuesta :
When utilizing re-measurement, the distinction between applying different exchange rates to various accounts depends on whether the account is monetary or non-monetary.
Define monetary or non-monetary.
If the asset is easily converted into money, it is regarded as a monetary asset. Liquid assets are those that can be swiftly and readily converted into cash. If an asset cannot be readily converted into cash or a cash equivalent in the short term, it is described as nonmonetary.
In the world of finance, the exchange rate is the rate at which one currency will be exchanged for another. The majority of the time, currencies are national, but they can also be supra- or sub-national, as the Hong Kong dollar or the euro.
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