Which term refers to the rate at which one currency is converted into another?
A) basis point
B) spread
C) exchange rate
D) interchange rate

Name: Which term refers to the rate at which one currency is converted into another? A) basis point B) spread C) exchange rate D) interchange rate
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

The foreign exchange market converts the currency of one country into that of another country. An exchange rate is simply the rate at which one currency is converted into another.

Which Term Refers to the Rate at Which One Currency