The rate at which one country's currency is exchanged for another country's currency is called a(n) __________ rate.
A) interest
B) inflation
C) per capita income
D) exchange
E) economic

Question

Quizplus · Accepted Answer

The rate at which one country's currency is exchanged for another country's currency is called the exchange rate. This is the rate used when converting one currency to another, such as when traveling internationally or conducting international trade. Interest rates, inflation, and per capita income may all affect exchange rates, but they are not the same thing.

The Rate at Which One Country's Currency Is Exchanged for Another