Exchange rate is the __________________ – McqOptions

MCQOPTIONS

1.	Exchange rate is the __________________
A.	Opportunity cost at which goods are produced domestically
B.	Balance of trade ratio of one country to another
C.	Price of one country s currency expressed in terms of another country s currency
D.	Amount if currency that can be purchased with 1ounce of gold
Answer» D. Amount if currency that can be purchased with 1ounce of gold

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