Economy, asked by gagan0deep0, 3 months ago

what is mean by foreign exchange rate?

Answers

Answered by karthikkammala

1

Answer:

A foreign exchange rate is the relative value between two currencies. Simply put, "exchange rates are the amount of one currency you can exchange for another." In travel, the exchange rate is defined by how much money, or the amount of a foreign currency, that you can buy with one US dollar.

MARK IT AS BRAINLEST

Previous Question

Next Question

Similar questions

Math, 1 month ago

When polynomial p(x)=3x³ + x²+ 2x + 5 is divided by g(x)=1 + 2x + x², then remainder will be...

Social Sciences, 1 month ago

a solution of zinc chloride 1percent and zine sulphate 2percent is been used as...

Biology, 1 month ago

neet 2020 question answere...

Math, 3 months ago

भूमि के एक बिंदु से एक 20 मीटर ऊंचे भवन के शिखर पर लगी एक संचार मीनार के तल और शिखर के उन्नयन कोण क्रमशः 45 डिग्री और 60 डिग्री है मीनार की ऊंचाई ज्ञात कीजिए...

Biology, 3 months ago

Which of the following statements is not correct? (a) Faecal accumulation in rectum initiates a neural reflex causing an urge for its removal (b) Inregular bowel movements cause constipation In diarrhoea, absorption of food is increased d) None of these...

Science, 10 months ago

chemical energy stored in the battery is a. source of energy...

Social Sciences, 10 months ago

three following of Mixed three small line ...

History, 10 months ago

E. Answer the questions in detail. 1. Discuss the dual form of government that was a part of the Bengal administration. 2. Briefly explain the Carnatic Wars and their outcome. 3. Briefly explain the policy of subsidiary alliance. 4. Describe the new administration that was set up under the British. 5. Do you think that the East India Company would have been able to establishments their power in...