The exchange rate is the:
A) value of money.
B) quantity of dollars, yen, etc. that are traded.
C) amount of a foreign currency that is brought back to the United States by tourists.
D) number of units of your currency that it takes to buy one unit of a foreign currency.
E) number of units of a foreign currency that can be bought with one unit of your own currency.
Correct Answer:
Verified
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Q183: Exhibit 15-7 Foreign exchange market for U.S.
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