Currency exchange rates:
A) are always the same on a given day at all locations for exchange of currency.
B) are typically better when exchanging cash for local currency than for making credit card purchases quoted in a foreign currency.
C) can vary daily.
D) Both A and C

Question

Quizplus · Accepted Answer

Currency exchange rates can vary daily due to changes in the forex market influenced by factors such as economic indicators, market speculation, and geopolitical events. This variability is a fundamental aspect of the foreign exchange market.

Currency Exchange Rates