Exchange rates are
A) prices at which foreign securities are bought and sold
B) prices at which American stocks are sold abroad
C) prices at which foreign securities are bought and sold in the United States
D) prices of foreign currencies

Question

Quizplus · Accepted Answer

Exchange rates refer to the prices of foreign currencies, such as the exchange rate between the US dollar and the euro. They represent the amount of one currency that can be exchanged for another currency.

Exchange Rates Are