The foreign exchange rate is defined as:
A) the movement of university students among countries.
B) net exports of goods and services.
C) the price of foreign currency in domestic currency.
D) the cost of changing dollar bills into coins.

Question

Quizplus · Accepted Answer

The foreign exchange rate is the price at which one currency can be exchanged for another, essentially the price of one country's currency in terms of another country's currency.

The Foreign Exchange Rate Is Defined As