Question
A currency’s exchange rate is
A: how many denominations the currency has.
B: its stable rate as established by the government.
C: how easily it can be divided into other currencies.
D: its changing value relative to other currencies.
A: how many denominations the currency has.
B: its stable rate as established by the government.
C: how easily it can be divided into other currencies.
D: its changing value relative to other currencies.
Answers
GPT-4o mini
The correct answer is:
D: its changing value relative to other currencies.
The exchange rate reflects how much of one currency can be exchanged for another, and it can fluctuate due to various factors such as market demand, economic conditions, and geopolitical events.
D: its changing value relative to other currencies.
The exchange rate reflects how much of one currency can be exchanged for another, and it can fluctuate due to various factors such as market demand, economic conditions, and geopolitical events.