Currency Exchange Rate Refers to

question 212

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 to the international gold standard.
• C)the ratio of a nation's basic unit of currency relative to its own cache 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.

---

Definitions:

Vienna

The capital city of Austria, known for its cultural contributions, historical significance in European politics, and as the host of major international diplomatic events.

Cuban Missile Crisis

A 13-day confrontation in October 1962 between the United States and the Soviet Union over Soviet ballistic missiles deployed in Cuba, marking the peak of Cold War tensions.

Hotline

A direct and immediate telephone line for emergency communication or for obtaining information.

Kremlin

A fortified complex in the heart of Moscow, Russia, historically the residence of the tsars and now the official residence of the President of Russia.