Which One of the Following Is the Best Universal Definition

question 63

Multiple Choice

Which one of the following is the best universal definition of an exchange rate?

• A)Price of one country's currency expressed in terms of another country's currency
• B)Number of foreign dollars that can be purchased for every one U.S.dollar paid
• C)Price of a country's currency expressed in terms of that country's currency unit
• D)Number of units of a currency that were originally required to obtain one euro when a country adopted the euro as its official currency
• E)Price that must be paid to obtain a good or service from another country