Asked by
Javier Stephen
on Oct 11, 2024
Verified
The rate at which two currencies trade for each other is called the
A) exchange rate.
B) price.
C) cost.
D) revenue.
E) profit.
Exchange Rate
The value of one currency for the purpose of conversion to another.
- Acquire knowledge on the workings and effects of floating and fixed exchange rates.
Verified Answer
AQ
Learning Objectives
- Acquire knowledge on the workings and effects of floating and fixed exchange rates.