A Currency Exchange Rate Is the

question 34

Multiple Choice

A currency exchange rate is the

• A) price of a foreign currency,indicating how much a unit of foreign currency costs in terms of another currency.
• B) rate of trade between currencies,indicating the volume and speed at which currencies are traded.
• C) opportunity cost of a foreign currency,indicating the value lost by choosing one currency over another.
• D) rate of currency circulation,indicating the volume and speed at which a currency circulates throughout the global economy.
• E) price of a foreign currency,indicating the price of a unit of currency in terms of U.S.dollars.

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