Consideration is defined as a bargained-for exchange of promises in which a legal detriment is suffered by the promisee

After initially recording a transaction, the data is then transferred to the ________.

A) chart of accounts B) ledger C) trial balance D) journal

To be immunized against foreign currency and foreign interest rate risk, an FI should match both the size and maturities of its foreign assets and foreign liabilities.

a. true b. false