Question

When planning a trip to France, Jim and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ____ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's.Multiple Choicedividendtransactionfluctuationexchangeinternational

Answer 1

exchange

Step-by-step explanation:

The exchange rate is the relationship between the value of one currency and another, that is, it tells us how many currencies of one currency are needed to obtain one unit from another.

The currency converter is used to calculate the value of one currency against another. The market where the exchange rate is traded is the foreign exchange market or FOREX (Forex) one of the most popular among investors.