Give the meaning of 'Foreign Exchange’ and 'Foreign Exchange Rate'. Giving reason,
Answers
approximately same but foreign exchange mens it change into another country's currency.
Exchange rat means it is value of amount for another country currency.
Explanation:
equilibriumequilibrium foreign exchange rate is the rate at which demand and supply of foreign exchange at equal and a free market situation it is determined by the market for example demand and supply of foreign exchange there is an inverse relation between demand for foreign exchange and exchange rate their the district relationship between supply of foreign exchange and exchange rate due to above reason demand curve downward sloping and slope curve is upward sloping graphically intersections of demand curve and supply the determined the equilibrium of foreign exchange rate