What is a "foreign exchange rate?"
A)the price to buy a foreign currency
B)the price to buy foreign goods
C)the difference between the price of goods in a foreign currency and the price in a domestic currency
D)the cost to hold all monetary assets in a single currency

Question

Quizplus · Accepted Answer

A foreign exchange rate is the price at which one currency can be exchanged for another currency. It represents the value of one currency in terms of another currency. For example, if the foreign exchange rate between the US dollar and the euro is 1.2, it means that one US dollar can be exchanged for 1.2 euros.

What Is a "Foreign Exchange Rate