Multiple Choice
A 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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