The Foreign Exchange Rate Refers to

question 109

Multiple Choice

The foreign exchange rate refers to

• A)the price at which purchases and sales of foreign goods take place.
• B)exports minus imports.
• C)the amount of one currency that must be paid to obtain one unit of another currency.
• D)the ratio of exports to imports.

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Definitions:

Coral Reefs

Marine structures made of the calcium carbonate skeletons of coral organisms, which are home to diverse ecosystems and protect coastlines from erosion.

Modern Locations

Contemporary or current places of interest or where specific events or activities occur.

Continental Crust

The Earth's outer layer comprising granite-rich, less dense rock that makes up the continents.

Oceanic Crust

The part of the Earth's crust that underlies the oceans, thinner and denser than the continental crust.