The number of U.S.dollars it takes to purchase a British pound is called the
A) purchasing parity price.
B) balance of payments.
C) equation of exchange.
D) appreciation price ratio.
E) exchange rate.

Question

Quizplus · Accepted Answer

The exchange rate is the rate at which one currency can be exchanged for another. In this case, it is the rate at which U.S. dollars can be exchanged for British pounds. Therefore, the correct answer is E) exchange rate.

The Number of U