Author Question: An exchange rate can be described as: a. the price of a foreign currency as determined by the World ... (Read 91 times)

KimWrice · **on:** Jun 30, 2018

An exchange rate can be described as:
a. the price of a foreign currency as determined by the World Bank.
b. the price of one country's currency in terms of another country's currency.
c. the dollar value of imports and exports undertaken in the world economy during a year.
d. the price of foreign currency as established by the relative amount of tourism.
e. the dollar value of U.S. international trade.

Question 2

A majority of international transactions involve the buying and selling of _____.
a. bank deposits denominated in foreign currency
b. currency notes
c. traveler's checks
d. stocks denominated in domestic currency
e. bills of exchange