wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The foreign exchange rate of a country is the


Open in App
Solution

(A) price of a foreign good in terms of the domestic good

(B) price of a foreign factor in terms of the domestic factor

(C) price of foreign trade in terms of the domestic trade

(D) price of a foreign currency in terms of the domestic currency

Answer: (D) Price of a foreign currency in terms of the domestic currency.

Explanation: To determine the foreign exchange rate of a country, it should determine how much value of money it should forego to get one currency note value of the other country.

Also see: Foreign Exchange Rate


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
15C11B11S06IAV04 1080p RF 25 Metaphase I: Anaphase and Telophase
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon