Asked by
james o'Connor
on Nov 07, 2024
Verified
The price of one country's currency expressed in terms of another country's currency is (the) :
A) By definition, one unit of currency.
B) Time value of money (expressed via the first country's short-term interest rate) .
C) Depository rate.
D) Exchange rate.
E) Foreign interest rate.
Exchange Rate
The equivalent worth of one currency in another.
Currency
A system of money in general use in a particular country, facilitating the exchange of goods and services.
- Comprehend the principle of exchange rates and the methodology of their calculation among diverse currencies.
Verified Answer
DH
Learning Objectives
- Comprehend the principle of exchange rates and the methodology of their calculation among diverse currencies.