The exchange rate is the price at which the ________ of one country exchanges for the ________ of another country.
A) currency; goods
B) goods; goods
C) currency; currency
D) currency; financial instruments

Question

Quizplus · Accepted Answer

The exchange rate specifically refers to the rate at which the currency of one country can be exchanged for the currency of another country, not goods or financial instruments.

The Exchange Rate Is the Price at Which the ________