Solved

A Foreign Exchange Rate Is

Question 123

Multiple Choice

A foreign exchange rate is


A) the price of gold in U.S.dollars.
B) the price at which a good or service is traded on international markets.
C) the price of one unit of a country's currency in terms of another country's currency.
D) a tax imposed on an imported good.
E) a legal limit on the quantity of a good that may be imported.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents