Question

The exchange rate is________.
a.The price of one currency relative to gold
b.The value of a currency relative to inflation
c.The change in the value of money over time
d.The price of one currency relative to another.​

Answer 1

I think so opt D is correct

Answer 2

The exchange rate is the price of one currency relative to other.

Explanation:

• Exchange rate is the rate used to compare currencies of different countries from the world.
• It is the value of one country's currency in comparision to some other contry's currency value.
• Each nation's currency value has its own acronym derived from its currency name
• Like for example the national currency of India is rupees and the acronym for the same is Rs.
• The rate of one nation will be used and will be compared to some other nation's cuurency in its term.
• One such example is how much will be 65 dollars in Indian currency at today's exchange rate.
• The exchange rate keeps on changing and fluctuates every single day.