In the global economy,how is the value of one currency determined when compared to another?
A) World Bank rate
B) International monetary fund
C) Inflation rate
D) Exchange rate
E) Automated Clearing House network

Question

Quizplus · Accepted Answer

The value of one currency compared to another is determined by the exchange rate. This is the rate at which one currency can be exchanged for another. Exchange rates are influenced by various economic factors, including inflation, interest rates, and political stability. The exchange rate can be determined by the demand and supply of the currency in the global market.

In the Global Economy,how Is the Value of One Currency