An exchange rate is the price of one currency in terms of a ...

[ENagel]

An exchange rate is the price of one currency in terms of a second currency.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a flat tax plan allowed individuals to deduct a standard allowance of 15,000 and the flat tax rate was 10 percent, an individual earning 12,000 a year would not pay any income taxes.
 a. True
  b. False
  Indicate whether the statement is true or false

[okolip]

Answer to Question 1

True

Answer to Question 2

True

[ENagel]

Thanks for the timely response, appreciate it

[AngeliqueG]

TYSM