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| Topic: |
Business
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| Number of pages / Number of words: |
15 / 4183 |
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For example, many Canadian Multinational companies use the US dollar as the unit of account; a few like Alcan publish their financial statements denominated in the US dollar. Chung (2002) notes that the US dollar is a widely used and accepted medium of exchange in Canada, many stores and banks accept it, around 12% of commercialized outstanding papers of Canadian corporations are issued in the US currency and around 10% of loans by Canadian banks are denominated in the US dollar...
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Chung (2002) notes that the US dollar is a widely used and accepted medium of exchange in Canada, many stores and banks accept it, around 12% of commercialized outstanding papers of Canadian corporations are issued in the US currency and around 10% of loans by Canadian banks are denominated in the US dollar...
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