Multiple Choice
An exchange rate:
A) is the ratio of the dollar volume of a nation's exports to the dollar volume of its imports.
B) measures the interest rate ratios of any two nations.
C) is the amount which one nation must export to obtain $1 worth of imports.
D) is the price at which the currencies of any two nations exchange for one another.
Correct Answer:
Verified
Correct Answer:
Verified
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