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The amount of one currency that can be traded for a unit of another currency is called the _____. market price exchange rate one-for-one rate

The amount of one currency that can be traded for a unit of another currency is called the _____. market price exchange rate one-for-one rate
asked 50.8k views
2 votes
The amount of one currency that can be traded for a unit of another currency is called the _____.

market price
exchange rate
one-for-one rate

asked
User Lrleon
by
8.2k points

2 Answers

3 votes

Answer:

Exchange rate

Step-by-step explanation:

answered
User Ivan Buttinoni
by
8.6k points
3 votes
Exchange rate is the correct answer. Exchange rate is the value of one currency for the purpose of conversion to another. 
answered
User Valerij
by
8.0k points
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