The foreign exchange rate refers toA) the price at which purchases and sales of foreign goods take place.B) exports minus imports.C) the amount of one currency that must be paid to obtain one unit of another currency.D) the ratio of exports to imports.

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Valisia Sheneva · Accepted Answer

Final Answer : C, Explanation :  The foreign exchange rate refers to the amount of one currency that must be paid to obtain one unit of another currency. It is the rate at which currencies are traded on the global foreign exchange market. Options A, B, and D refer to other measures of international trade and are not directly related to the exchange rate.

The foreign exchange rate refers to

A) the price at which purchases and sales of foreign goods take place.
B) exports minus imports.
C) the amount of one currency that must be paid to obtain one unit of another currency.
D) the ratio of exports to imports.

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