The exchange rate for the U.S. dollar:
A) is the number of dollars required to purchase one ounce of gold.
B) shows the amount of another nation's currency that is equal to one dollar.
C) is the service fee charged by banks to convert dollars into another nation's currency.
D) none of the above.
Correct Answer:
Verified
Q1: An exchange rate is:
A) determined by the
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