Asked by a

What does an exchange rate tell you?
A.
How many products have been exchanged between two different countries
B.
The number of people in one country in comparison to another country
C.
How much one unit of currency is worth when converted to another currency
D.
The speed that people are buying a specific type of product


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
C

An exchange rate shows how much one unit of a currency is worth in terms of another currency (e.g., 1 USD = 0.85 EUR).