An exchange rate relative is:
A) a measure of the appreciation or depreciation of a currency relative to the currencies of the major trading partners
B) a measure of the appreciation or depreciation of a currency relative to its value in the previous day
C) the value of an exchange rate relative to a base value
D) a measure of the relative movements of a currency against several currencies

Question

Quizplus · Accepted Answer

The Answer of An exchange rate relative is:
A) a measure of the appreciation or depreciation of a currency relative to the currencies of the major trading partners
B) a measure of the appreciation or depreciation of a currency relative to its value in the previous day
C) the value of an exchange rate relative to a base value
D) a measure of the relative movements of a currency against several currencies

An Exchange Rate Relative Is