contestada

The foreign exchange rate​ is:
A. where the currency of one country is converted into the currency of another country
B. the amount of loans made from one​ country's bank to another​ country's bank
C. the price of one​ country's currency in terms of another​ country's currency
D. where imports and exports are traded for one another s

Respuesta :

Martebi

Answer:

Option C: the price of one​ country's currency in terms of another​ country's currency

Explanation:

Exchange rate is simply the rate at which one currency is converted into another currency. foreign exchange market is said to be a market for changing or converting the currency of one country into that of another country. It enables conversion of the currency of one country into the currency of another and provides some insurance against foreign exchange risk.

Otras preguntas