Multiple Choice
When Steve went to Mexico, he found that he could go to his bank and trade his 100 Canadian dollars for 750 Mexican pesos (the nation's currency) . This is an example of 7.5 Mexican pesos representing which of the following?
A) the foreign trade rate
B) the balance of payments
C) the international trade rate
D) the exchange rate
Correct Answer:
Verified
Correct Answer:
Verified
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