TRANSACTION DRIVERS Definition

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TRANSACTION DRIVERS are used to count the frequency of an activity, i.e., the number of times an activity is performed.

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EUROCURRENCY is currency held by banks, corporations or individuals outside its country of origin: e.g. eurodollar, eurosterling, etc. The euro part of the name derives from the place where the first market in such currencies (normally dollars) arose.

ABC see ACTIVITY BASED COSTING.

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