The number of units of one currency that must be exchanged for a unit of the second currency is known as the ________ between the currencies.
A) balance payment
B) trading bloc
C) tariff rate
D) exchange rate
E) trade balance

Question

Quizplus · Accepted Answer

A)The number of units of one currency that must be exchanged for a unit of the second currency is known as the exchange rate between the currencies.
B)The number of units of one currency that must be exchanged for a unit of the second currency is known as the exchange rate between the currencies.
C)The number of units of one currency that must be exchanged for a unit of the second currency is known as the exchange rate between the currencies.
D)The number of units of one currency that must be exchanged for a unit of the second currency is known as the exchange rate between the currencies.
E)The number of units of one currency that must be exchanged for a unit of the second currency is known as the exchange rate between the currencies.

The Number of Units of One Currency That Must Be