Which of the Following Is the Best Definition of Exchange

question 239

Multiple Choice

Which of the following is the best definition of exchange rate.

• A) The market where one country's currency is traded for another's.
• B) International bonds issued in a single country, usually denominated in that country's currency.
• C) Federal Crown corporation that promotes Canadian exports by making loans to foreign purchasers.
• D) The idea that the exchange rate adjusts to keep purchasing power constant among currencies.
• E) The price of one country's currency expressed in another country's currency.

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