The foreign exchange rate is ________.
A) The relative value between one currency and another
B) The relative value between the dollar and foreign currencies
C) The rate at which countries do business
D) The value of products within a country
E) The rate of trade

Question

Quizplus · Accepted Answer

The foreign exchange rate refers to the relative value between one currency and another. It represents the rate at which one currency can be exchanged for another.

The Foreign Exchange Rate Is ________