An exchange rate is used to

History

2 answers:

ololo11 [35]3 years ago

8 0

Ans

In finance, an exchange rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country's currency in relation to another currency.

Explanation:

julsineya [31]3 years ago

3 0

The correct answer is D) to determine the price of one country's currency in terms of another country's currency.

The other options of the question were A) promote the arguments supporting free trade. B) promote the use of subsided on foreign goods. C) determine the price of one country's imports in terms of another country's imports.

An exchange rate is used to determine the price of one country's currency in terms of another country's currency.

That is how you can change currency when you visit another country. For instance, if you travel to Mexico City, when you get to the Mexican airport there are many currency booths where you can change your American dollars for Mexican Pesos. The exchange rate is 18 pesos for 1 dollar.

You might be interested in

What was one reason that Native Americans began to negotiate with U.S. government about treaties that eventually led to the Trai

Crazy boy [7]

Native American customs were being outlawed by state governments in the United States.

8 0

3 years ago

Read 2 more answers

Bismarck pushed the German states into the Franco-Prussian War to unify Germany. TRUE or FALSE.

Pepsi [2]

False, because Bismarck decided to join and he did not push other states to war

3 0

3 years ago

There is some controversy among historians about the Texans’ decision to stay and defend the Alamo. According to your lectures,

lisov135 [29]

Answer:

In the beginning, the Texans felt they could win the battle. However, as time wore on and the Mexican army increased and no reinforcements arrived, the Texans made a vow to fight until the bitter end to honor their belief that Texas should be independent from Mexican rule. They felt they were defending Texas and the Texan way of life and decided to stand up for their beliefs rather than run

Explanation:

4 0

3 years ago

By how much did the population of the US grow between 1870 and 1900?

lianna [129]

Answer: 36 million

Explanation: The US grew about 36 million between 1870 and 1900.

5 0

3 years ago

Which three events caused serious damage to Confederate morale and ultimately led to the Confederacy’s defeat?

Neko [114]

Answer:

Defeat at the battle of Gettysburg

Explanation:

The battle was a crushing defeat for the Confederacy. Union casualties in the battle numbered 23,000, while the Confederates had lost some 28,000 men–more than a third of Lee's army.

3 0

3 years ago