Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
In economics, an exchange rate describes: A. How quickly prices are rising in an international market.
B. The amount of currency available in fixed exchanges.
C. The total value of a country’s imports and exports.
D. How much one currency is worth compared to another.
The correct answer is: D. How much one currency is worth compared to another.
Explanation: An exchange rate indicates the value of one currency in terms of another. It tells you how much of one currency you need to spend to buy a unit of another currency. For example, if the exchange rate between the US dollar and the euro is 1.10, it means you need 1.10 US dollars to buy 1 euro. This is essential for international trade and finance.