Balance of payments issues are related to the relative value of different countries' currencies and the flow of goods,services,and financial assets among countries.The rate at which one country's currency can be traded for another is called:
A)the trade balance.
B)capital inflows.
C)capital outflows.
D)the exchange rate.

Question

Quizplus · Accepted Answer

The rate at which one country's currency can be traded for another is called the exchange rate. This is the most accurate description of the term provided in the given options. The trade balance refers to the difference between a country's imports and exports, while capital inflows and outflows refer to the movement of financial assets into and out of a country.

Balance of Payments Issues Are Related to the Relative Value