The prices at which the currency of one country can be converted into the currencies of other countries are known as _____.
A)procurement prices
B)political risk costs
C)exchange rates
D)conversion costs
E)transfer prices

Question

The prices at which the currency of one country can be converted into the currencies of other countries are known as _____. 
A)procurement prices
B)political risk costs
C)exchange rates
D)conversion costs
E)transfer prices

Quizplus · Accepted Answer

Exchange rates refer to the prices at which the currency of one country can be converted into the currencies of other countries. Procurement prices refer to the cost of acquiring goods or services, political risk costs refer to the cost of potential political instability or uncertain geopolitical conditions, conversion costs refer to the cost of converting currency from one form to another, and transfer prices refer to the internal prices for goods or services transferred between different departments or units within the same company.

The Prices at Which the Currency of One Country Can