The Price of One Currency in Terms Off Another Currency

question 167

Multiple Choice

The price of one currency in terms off another currency is called

• A) foreign reserves.
• B) the foreign exchange rate.
• C) the foreign trade deficit.
• D) the balance of payments.

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Definitions:

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a product or service.

Breakeven Price

The sales amount at which a business neither makes a profit nor incurs a loss, covering all its costs.

Generic Drug

A pharmaceutical drug that contains the same chemical substance as a drug that was originally protected by chemical patents.

Duloxetine

A medication primarily used to treat major depressive disorder, generalized anxiety disorder, fibromyalgia, and neuropathic pain.