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domoswag300
domoswag300 domoswag300
  • 26-01-2016
  • Mathematics
Answered

Which statement describes the foreign exchange rate?

Verified Answer :

WorldlyGlass49
WorldlyGlass49 WorldlyGlass49
  • 05-02-2016

The foreign exchange rate is a rate at which one currency is exchanged for another, and it exists because not all currencies are worth the same. In short, money of one country is worth more than money of a different country.

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