The Price of One Country's Currency Expressed in Terms of Another

question 49

Multiple Choice

The price of one country's currency expressed in terms of another country's currency is called the:

• A)absolute currency rate.
• B)cross inflation rate.
• C)depository rate.
• D)exchange rate.
• E)foreign interest rate.

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Definitions:

Credit Card Debts

Financial obligations resulting from the use of a credit card to borrow money or purchase goods and services.

Discharged

A legal term used to describe a situation where an obligation or debt is terminated.

Consumer Credit

A type of personal loan extended to individuals to purchase consumer goods and services.

Student Loans

Funds borrowed by students to cover education-related expenses, which must be repaid with interest over time.