The sterling exchange rate index is a weighted average of the exchange rates of the pound sterling with a variety of other currencies.

Name: The sterling exchange rate index is a weighted average of the exchange rates of the pound sterling with a variety of other currencies.
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Quizplus · Accepted Answer

The sterling exchange rate index (ERI) is indeed a weighted average of the exchange rates of the pound sterling against a basket of other currencies, reflecting the relative importance of these currencies in the UK's trade.

The Sterling Exchange Rate Index Is a Weighted Average of the Exchange