Economy, asked by Lionare, 1 year ago

what is exchange rate ?

Answers

Answered by princy4088
3
The value of one currency for the purpose of conversion to other ...please mark as brainliest
Answered by kaniya
5
An exchange rate is the price of a nation's currency in terms of another currency. In a direct quotation, the price of a unit of foreign currency is expressed in terms of the domestic currency. In an indirect quotation, the price of a unit of domestic currency is expressed in terms of the foreign currency.

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