Ivar oversees the finance team at Ouranos Company. The company is in the United States and is considering a new production facility overseas. It is comparing a few different countries for the location. Ivar is researching the rate at which U.S. money can be exchanged for money in each of the other countries. This figure is best known as the ________ rate.

Question

Quizplus · Accepted Answer

The rate at which U.S. money can be exchanged for money in other countries is known as the currency exchange rate. This rate determines how much foreign currency one can get for a unit of their own currency.

Ivar Oversees the Finance Team at Ouranos Company