Normally, Exchange Rates Are Expressed As

question 135

Multiple Choice

Normally, exchange rates are expressed as:

• A) the number of units of the currency per one ounce of gold.
• B) the GDP of one nation as a percentage of the GDP of the other.
• C) the price of one unit of foreign currency expressed in terms of the domestic currency.
• D) ratios of the value of one nation's wealth compared with the other.

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Definitions:

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