The ratio that tells how much of one currency is needed in order to buy an equivalent amount of purchasing power in a different currency is known as the currency's _____.
A) equity value
B) exchange rate
C) dividend
D) capital share

Question

Quizplus · Accepted Answer

The exchange rate is the ratio that indicates how much of one currency is needed to buy an equivalent amount of purchasing power in another currency.

The Ratio That Tells How Much of One Currency Is