Which of the Following Indices Indicates the Relative Strength of the Currencies

question 9

Multiple Choice

Which of the following indices indicates the relative strength of the currencies of two countries?

• A) trade rate
• B) exchange rate
• C) trade balance
• D) relative gross national products
• E) international loan rate

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Definitions:

Mode

The value or category that appears most frequently in a data set.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, aiming to provide a concise description of a dataset's overall pattern.

Asset

An economic resource that can be owned or controlled to produce value and that is held to have positive economic value.