The foreign exchange rate is: A. where the currency of one country is converted into the currency of another country B. the amount of loans made from one country's bank to another country's bank C. the price of one country's currency in terms of another country's currency D. where imports and exports are traded for one another s
1 answer
Question:
The foreign exchange rate is:
A. where the currency of one country is converted into the currency of another country
B. the amount of loans made from one country's bank to another country's bank
C. the price of one country's currency in terms of another country's currency
D. where imports and exports are traded for one another s
A. where the currency of one country is converted into the currency of another country
B. the amount of loans made from one country's bank to another country's bank
C. the price of one country's currency in terms of another country's currency
D. where imports and exports are traded for one another s
Answers
Answer: Option C: the price of one country's currency in terms of another country's currencyExplanation:Exchange rate is simply the rate at which one currency is converted into another currency. foreign exchange market is said to be a market for changing or converting the currency of one country into that of another country. It enables conversion of the currency of one country into the currency of another and provides some insurance against foreign exchange risk.
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