Question : What is the meaning of exchange rate?
Option 1: Quantum of domestic currency needed to pay for foreign currency

Option 2: Quantum of foreign currency needed to pay for another foreign currency

Option 3: Rate at which foreign currency is bought and sold

Option 4: All of these

Question

Question : What is the meaning of exchange rate?

Option 1: Quantum of domestic currency needed to pay for foreign currency

Option 2: Quantum of foreign currency needed to pay for another foreign currency

Option 3: Rate at which foreign currency is bought and sold

Option 4: All of these

Team Careers360 · Accepted Answer

Correct Answer: All of these

Solution : The correct answer is (d) All of these.

The meaning of exchange rate is the rate at which one currency can be exchanged for another currency. It represents the value of one currency in terms of another currency.

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Question : What is the meaning of exchange rate?Option 1: Quantum of domestic currency needed to pay for foreign currency Option 2: Quantum of foreign currency needed to pay for another foreign currency Option 3: Rate at which foreign currency is bought and sold Option 4: All of these

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Question : What is the meaning of exchange rate?
Option 1: Quantum of domestic currency needed to pay for foreign currency

Option 2: Quantum of foreign currency needed to pay for another foreign currency

Option 3: Rate at which foreign currency is bought and sold

Option 4: All of these