The Exchange rate is the – McqOptions

MCQOPTIONS

1.	The 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 of currency that can be purchased with one ounce of gold
Answer» D. amount of currency that can be purchased with one ounce of gold

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