Which statement describes the foreign exchange rate?

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26-01-2016
Mathematics

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Which statement describes the foreign exchange rate?

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WorldlyGlass49 WorldlyGlass49 · Answer 1 · 2016-02-06T01:12:50+01:00

WorldlyGlass49 WorldlyGlass49

06-02-2016

The foreign exchange rate is a rate at which one currency is exchanged for another, and it exists because not all currencies are worth the same. In short, money of one country is worth more than money of a different country.

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