There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?
Correct answer: D. Exchange rate
- A. Currency exchange
- B. Currency value
- C. Currency value
- D. Exchange rate
Explanation
An exchange rate expresses the value of one currency in terms of another currency, gold, or an international accounting unit such as the IMF's Special Drawing Rights. Currency value is a general phrase, not the name of this system.
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