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What purpose do currency exchange rates serve?

A.
Exchange rates calculate the standard of living in a country.

B.
Exchange rates calculate the rate of unemployment in a country.

C.
Exchange rates calculate the value of one country’s currency in terms of another.

D.
Exchange rates calculate the average level of income workers in a country receive.

Respuesta :

chilljain33

The exchange rates of a currency are responsible for the purpose of comparison of currencies of two different countries.

What is currency exchange?

The rate at which the one currency is exchanged at with another currency(s) is known as the rate of currency exchange. These currencies generally vary with a change in their countries.

Hence, option C holds true regarding the currency exchange.

Learn more about currency exchange here:

https://brainly.com/question/13736607

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