The Ratio That Tells How Much of One Currency Is

question 45

Multiple Choice

The ratio that tells how much of one currency is needed in order to buy an equivalent amount of purchasing power in a different currency is known as the currency's _____.

• A) equity value
• B) exchange rate
• C) dividend
• D) capital share

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Definitions:

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Marginal Tax Rate

The tax rate on an additional dollar of income, which can increase as the taxpayer's income grows.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

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Levies imposed by governmental entities based on the value of real estate or other property, used to fund public services.