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Foreıgn Trade
Foreıgn Trade Deneme Sınavı
Foreıgn Trade Deneme Sınavı Sorusu #1389749
Foreıgn Trade Deneme Sınavı Sorusu #1389749
In order to buy a unit of currency, what is the amount that must be foregone in the other currency?
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the foreign exchange rate |
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the determination of an asset’s price |
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the ratio of foreign trade |
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the level of this price |
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the framework of international transactions |
Yanıt Açıklaması:
Foreign exchange rate: 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. The correct answer is " A ".
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