Which of the following represents the value of one nation's currency relative to the currencies of another country?
A)Exchange rate
B)Euro rate
C)Currency rate
D)Standard of living

Question

Quizplus · Accepted Answer

The exchange rate represents the value of one country's currency in comparison to the currency of another country. This can be expressed as how many units of one currency are equal to a unit of another currency.

Which of the Following Represents the Value of One Nation's