…...................is the value of one currency for the purpose of conversion to another.Select one:a.Exchange Rateb.Trade Tariffsc.Inflationd.None of these
Question
…...................is the value of one currency for the purpose of conversion to another.
Select one:
- a. Exchange Rate
- b. Trade Tariffs
- c. Inflation
- d. None of these
Solution
Answering the Question
-
Identifying the Question: The question asks for the definition of the value of one currency for the purpose of conversion to another.
-
Analyzing Options:
- a. Exchange Rate: This option refers to the rate at which one currency can be exchanged for another, making it a strong candidate.
- b. Trade Tariffs: These are taxes imposed on imported goods and do not pertain to currency conversion.
- c. Inflation: This refers to the rate at which the general level of prices for goods and services is rising, which is unrelated to currency conversion.
- d. None of these: This implies that none of the previous options are correct.
-
Conclusion: Among the given choices, the most accurate definition for the value of one currency in relation to another is the "Exchange Rate."
Final Answer
a. Exchange Rate
Similar Questions
The conversion factor from one currency to another is referred to by what term?Currency rateCredit rateDiscount rateExchange rate
Exchange rates are commonly quoted using acronyms for the national currencies they represent.
Currency that requires more to purchase goods or servicesChoose matching termStrong CurrencyWeak CurrencyExchange RateFree Convertible CurrencySkipped
he entity's functional currency is usually the ____________.a.Reporting currencyb.Local currencyc.None of the aboved.Functional currency
The exchange rates quoted by an authorised dealer to its customers are known as-Select one:a.Authorised ratesb.Commercial ratesc.Merchant ratesd.Indirect rates
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.