Denise is taking her first international trip.She travels from the United States to France.She gives the bank located at the French airport US$100.They give her back €82.69.When she asks why,the bank teller informs her,"It's because of the ____."

Question

Quizplus · Accepted Answer

The exchange rate is the value of one currency in relation to another currency. In this case, Denise exchanged US dollars for Euros, and the bank gave her back a certain amount of Euros based on the current exchange rate between the two currencies.

Denise Is Taking Her First International Trip