When a company is making payments (accounts payable) from a weakening currency into a strengthening currency, it should delay payment

Name: When a company is making payments (accounts payable) from a weakening currency into a strengthening currency, it should delay payment
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Delaying payment in this scenario would be disadvantageous because as the currency strengthens further, it would cost more in the future to make the same payment. Paying earlier could minimize the amount paid.

When a Company Is Making Payments (Accounts Payable) from a Weakening