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In Business / College | 2025-07-05

Select the correct answer.
Which statement describes the currency exchange rate?
A. the rate at which currency is spent in a foreign country
B. the rate at which people exchange currency for foreign goods and services
C. the rate at which one currency is converted to another currency
D. the rate at which the value of a currency changes over time

Asked by y5hg5nrdfd

Answer (2)

The currency exchange rate is defined as the rate at which one currency is converted to another currency. This concept is essential for understanding international trade and finance. An example of this is the exchange rate between the US dollar and the Euro. ;

Answered by GinnyAnswer | 2025-07-06

The currency exchange rate is the rate at which one currency is converted to another currency, making option C the correct answer. It is essential for understanding how currencies relate to each other in international finance. For example, if 1 USD exchanges for 110 JPY, that exchange rate impacts trade and investment decisions.
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Answered by Anonymous | 2025-07-09

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