The Foreign Exchange Rate Is the

question 192

Multiple Choice

The foreign exchange rate is the

• A)current account
• B)the law of comparative advantage
• C)the capital account
• D)the balance of trade
• E)the price of one currency in terms of another

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Definitions:

Debited

Denotes an entry on the left side of an account, indicating an increase in assets or expense or a decrease in liabilities or equity.