Multiple Choice
Currency exchange rate refers to
A) the unit equivalency of all international currency.
B) the ratio of a nation's basic unit of currency relative to the price of silver.
C) the ratio of a nation's basic unit of currency relative to the price of gold.
D) the price of one country's currency expressed in terms of another country's currency.
E) the unit of wealth (gold, oil, diamonds, etc.) upon which a nation bases its national currency.
Correct Answer:
Verified
Correct Answer:
Verified
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