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  3. Study Set
    Business Economics
  4. Exam
    Exam 13: Understanding Foreign Exchange Market and Exchange Rate Systems: Part 2
  5. Question
    Exchange Rate Between Two Currencies Is Based on -------
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Exchange Rate Between Two Currencies Is Based on -------

Question 7

Question 7

Multiple Choice

Exchange rate between two currencies is based on -------


A) purchasing power of two currencies
B) economic development of the two nation
C) political stability in the two countries
D) export - import in two countries

Correct Answer:

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