The rate at which one currency is traded for another is called a(n)

Name: The rate at which one currency is traded for another is called a(n)
Brand: Quizplus
Rating: 5.0 (47 reviews)

Question

Quizplus · Accepted Answer

The rate at which one currency is traded for another is called the exchange rate. The prime rate is the interest rate offered by a bank to its most creditworthy customers, the trade rate is not a common term in relation to currency exchange, and the money rate could refer to various types of interest rates or exchange rates depending on the context.

The Rate at Which One Currency Is Traded for Another