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neonofarm [45]
3 years ago
10

The foreign exchange rate​ is:

Business
1 answer:
ElenaW [278]3 years ago
3 0

Answer:

Option C: the price of one​ country's currency in terms of another​ country's currency

Explanation:

Exchange rate is simply the rate at which one currency is converted into another currency. foreign exchange market is said to be a market for changing or converting the currency of one country into that of another country. It enables conversion of the currency of one country into the currency of another and provides some insurance against foreign exchange risk.

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Answer:

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