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Author Question: The exchange rate is the price at which the ________ of one country exchanges for the ________ of ... (Read 55 times)

ec501234

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on: Jun 29, 2018
The exchange rate is the price at which the ________ of one country exchanges for the ________ of another country.
 
  A) currency; goods
  B) goods; goods
  C) currency; currency
  D) currency; financial instruments

Question 2

When you buy a hamburger for lunch, you are using money as a
 
  A) store of value.
  B) standard of deferred payment.
  C) medium of exchange.
  D) unit of accounting.


shaikhs

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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