The Foreign Exchange Rate Is Defined as the

question 6

Multiple Choice

The foreign exchange rate is defined as the

• A)rate or the speed with which the currencies of the worlds are traded.
• B)price at which one currency exchanges for another.
• C)volume of the world currencies traded.
• D)equal to the amount of the current account deficit.
• E)equal to the amount of the capital account deficit.

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Definitions:

Foreign Currency

The money of other countries, used in international trade and investment, and subject to exchange rate variations.

Nationalized

The process by which a government takes private industry or assets into public ownership.

First Hundred Days

A term often used to measure the early effectiveness and achievements of a U.S. President's administration, originating from Franklin D. Roosevelt's rapid implementation of New Deal policies.

Regulated

Subject to rules, laws, or controls put in place by governing bodies to maintain order, safety, or standards.