Join Examsbook
965 0

Q: Currency exchange rates are based on

  • Show AnswerHide Answer
  • Workspace

Answer :
Explanation :

The amount of money you’ll get for a given amount of your country’s currency is based on internationally determined exchange rates. Exchange rates can be either fixed or floating. Fixed exchange rates use a standard, such as gold or another precious metal, and each unit of currency corresponds to a fixed quantity of that standard that should (theoretically) exist.

Are you sure

  Report Error

Please Enter Message
Error Reported Successfully