the value at which one country obtains another country's currency is?
COMMERCE
WAEC 2016
the value at which one country obtains another country's currency is?
- A. terms of trade
- B. exchange rate
- C. bank rate
- D. terms of payment
Correct Answer: B. exchange rate
Explanation
An exchange rate is the value of a nation's currency in terms of the currency of another nation or economic zone.
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