The Exchange Rate Is

question 96

Multiple Choice

The exchange rate is

• A)one unit of domestic currency divided by the number of units of foreign currency that can be acquired with it.
• B)the number of units of foreign currency that can be acquired with one unit of domestic currency.
• C)represented as $/¥ when referring to the exchange rate between the United States and Japan.
• D)the number of units of domestic currency that can be acquired with one unit of foreign currency.

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Definitions:

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