Yes, I misspoke. Thank you. Technically it is denominated in itself. And 
technical accuracy is no minor point, especially with accounting, and leads to 
clearer understanding.

Regards,
Adrien


> On May 2, 2020 w18d123, at 11:42 AM, D. <sunfis...@yahoo.com> wrote:
> 
> Adrien,
> 
> I'm sure I have this wrong, but my understanding is that stock and currencies 
> are both commodities, and that any given account is denominated in one. So a 
> stock's "currency" is that commodity (that is, the ABC account is denominated 
> in the ABC commodity). How it gets converted into a different currency (e.g., 
> AUD) depends on the parent account.
> 
> That is, of course, all technicalities. The rest is correct.
> 
> David


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