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Earn +20 ptsQ: How would you describe the exchange of currencies?
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What is monetary exchange?
It is an exchange of currencies. The buying and selling of currencies example, buying euros by usd's
Describes the exchange of currencies what best describes the exchange of currencies?
Money from one country is bought using money from another country.
Which term best describes the rate at which a country's currencies convert to other currencies?
exchange rate
What is Currency exchange market?
Its a market that is used to exchange or trade currencies of different countries.
Flexible exchange rates are determined by?
By the demand and supply of currencies in the global exchange market.
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