An economist will define the exchange rate between two currencies as the: | Faculties

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Ram Sharma

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Q. An economist will define the exchange rate between two currencies as the:

(A) amount of one currency that must be paid in order to obtain one unit of another currency
(B) difference between total exports and total imports within a country
(C) price at which the sales and purchases of foreign goods takes place
(D) ratio of import prices to export prices for a particular country

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✅ Correct Answer: (A) amount of one currency that must be paid in order to obtain one unit of another currency

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