Currency exchange rate refers to
A) the unit equivalency of all international currency.
B) the ratio of a nation's basic unit of currency relative to the price of silver.
C) the ratio of a nation's basic unit of currency relative to the price of gold.
D) the price of one country's currency expressed in terms of another country's currency.
E) the unit of wealth (gold, oil, diamonds, etc.) upon which a nation bases its national currency.

Question

Quizplus · Accepted Answer

Currency exchange rate is the price of one country's currency expressed in terms of another country's currency, determining how much of one currency can be exchanged for another.

Currency Exchange Rate Refers to