An exchange rate is:
A) a yearly summary of all the economic transactions between residents of one country and residents of the rest of the world.
B) the sum of the balance of trade,net income on capital held abroad,and net transfer payments.
C) the price of one currency in terms of another currency.
D) a currency whose value is not pegged but governments will intervene extensively in the market to keep the value within a certain range.
Correct Answer:
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