The foreign exchange rate refers to
A) the price at which purchases and sales of foreign goods take place.
B) exports minus imports.
C) the amount of one currency that must be paid to obtain one unit of another currency.
D) the ratio of exports to imports.
Correct Answer:
Verified
Q40: U.S.exports,foreign travel in the U.S. ,and foreign
Q41: When the current account is in deficit,the
Q42: Nations which experience relatively high rates of
Q43: If the rate of inflation in the
Q44: Under a system of freely flexible (floating)exchange
Q46: The rate at which two currencies trade
Q47: Statement I: The U.S.and nearly all other
Q48: Statement I: A de facto dollar standard
Q49: Statement I: The U.S.and nearly all other
Q50: Depreciation of the dollar relative to the
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