The Price of One Currency Stated in Terms of Another

question 59

Multiple Choice

The price of one currency stated in terms of another currency is called a(n) :

• A) Foreign exchange rate.
• B) Currency transaction.
• C) Historical exchange rate.
• D) International conversion rate.
• E) Currency rate.

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Definitions:

Population

The total number of people inhabiting a particular country, area, or place, often analyzed for demographic purposes.

Cotton Gin

A machine invented by Eli Whitney in 1793 that quickly and efficiently removes cotton seeds from cotton fibers, greatly impacting the cotton industry and slavery in the United States.

Atlantic Slave Trade

The transatlantic trading patterns which were established from the 16th through the 19th centuries, which transported millions of Africans to the Americas as slaves.