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
Answer:A
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