Exchange rate Flashcards
(4 cards)
1
Q
Exchange rate definition:
A
the price of one country’s currency in terms of another currency.
2
Q
The value of a currency …………when you sell exports
A
the value of a currency INCREASES when you sell exports
3
Q
The value of a currency ………. when you buy imports
A
The value of a currency DECREASES when you buy imports
4
Q
what do exchange rates influence?
A
international trade, investment, inflation, and overall economic stability.
