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The term foreign exchange rate refers to which of the following? a. A barter exchange of one good against another good b. The price of
The term foreign exchange rate refers to which of the following?
a. | A barter exchange of one good against another good | |
b. | The price of one currency in terms of another currency | |
c. | The market at which foreign currencies are traded | |
d. | The interest rate at which foreign currencies are borrowed in global markets | |
e. | All of the above |
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