What is a country's exchange rate based on?
A)The rate at which its currency can be exchanged for currencies of other countries
B)The number of foreign banks it has
C)Tariffs and related trade restrictions
D)The relationship between its imports and exports

Question

Quizplus · Accepted Answer

The exchange rate of a country is determined by the rate at which its currency can be exchanged for the currencies of other countries, reflecting the value of one currency in terms of another.

What Is a Country's Exchange Rate Based On