Foreıgn Trade Deneme Sınavı Sorusu #1405456

Which of the followings refers to the amount that must be foregone in the other currency in order to buy a unit of currency?


Benchmark rate.

Foreign exchange rate.

Cross foreign exchange rate.

Real foreign exchange rate.

Long Run Equilibrium Exchange Rate.


Yanıt Açıklaması:

In order to buy a unit of currency, the amount that must be foregone in the other currency is the foreign exchange rate. In other words, the foreign exchange rate is the price of one unit of currency in terms of the other. Therefore, the correct option is B.

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