which term refers to the rate at which one currency is converted into another?multiple choiceexchange ratebasis pointinterchange ratespread

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04-11-2022
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which term refers to the rate at which one currency is converted into another?multiple choiceexchange ratebasis pointinterchange ratespread

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rafikiedu05 rafikiedu05 · Answer 1 · 2022-11-09T10:05:51-05:00

The exchange rate term refers to the rate at which one currency is converted into another.

Currency is something this is commonly commonplace to have value as a medium of change so that it is able to be traded for items and services. The buying and selling machine inside an economy is based on its foreign money, which is commonly particular to a rustic and issued via the united states government.

You'll classify currencies into three financial structures: fiat cash, commodity cash, and consultant money, relying on what ensures a forex's cost (the economy at big vs. the authorities' physical metal reserves).

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