An exchange rate is:
A) the rate at which goods are traded between countries.
B) the rate at which the central bank of a country gives loans to commercial banks.
C) the rate at which commercial banks give loans to individuals.
D) the price of one currency in terms of another.
E) the price at which one good trades for another.
Correct Answer:
Verified
Q20: The merchandise trade balance:
A)reflects trade in intangibles
Q21: The exchange rate is the:
A)opportunity cost of
Q22: The current account records:
A)last year's flows of
Q23: Which of the following is a credit
Q24: A country runs a deficit in its
Q26: The foreign exchange rate is:
A)an entry in
Q27: The trade balance of the country of
Q27: When net unilateral transfers are added to
Q28: The exchange rate is the:
A)ratio of exports
Q29: If foreigners increase their ownership of U.S.assets,this
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