Which of the following refers to the rate at which one country's currency is exchanged for another country's currency?
A) Interest rate
B) Inflation rate
C) Per capita income
D) Exchange rate
E) Economic rate

Question

Quizplus · Accepted Answer

Exchange rate refers to the rate at which one country's currency is exchanged for another country's currency. Option A (interest rate) refers to the amount of interest charged by a lender to a borrower, Option B (inflation rate) refers to the rate at which the general level of prices for goods and services is rising, Option C (per capita income) refers to the average income per person in a country, and Option E (economic rate) is too vague to be a valid option.

Which of the Following Refers to the Rate at Which