Currency Exchange Rate Refers to

question 251

Multiple Choice

Currency exchange rate refers to

• A) the unit equivalency of all international currency.
• B) the ratio of a nation's basic unit of currency relative to the price of silver.
• C) the ratio of a nation's basic unit of currency relative to the price of gold.
• D) the price of one country's currency expressed in terms of another country's currency.
• E) the unit of wealth (gold, oil, diamonds, etc.) upon which a nation bases its national currency.

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