What is the rate of exchange or exchange rate?

4490EconomicsMedium

AForeign currency holding

BNone of them

CRatio at which unit of one country’s currency is exchanged for unit of another country currency

DPower to buy foreign currency

Correct answer

C. Ratio at which unit of one country’s currency is exchanged for unit of another country currency

Explanation

The correct answer is Ratio at which unit of one country’s currency is exchanged for unit of another country currency.

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