CAIE IGCSE Economics 6.3.1 Definition of foreign exchange rate
Practise recognising exchange rates as currency prices and using table data to convert values or compare prices across countries.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- define an exchange rate as the price of one currency in terms of another
6.3.1—Definition of foreign exchange rate question 1
[Maximum number: 1]
What is the definition of foreign exchange rate?
A
the difference between emigration and immigration
B
the difference between the values of imports and exports
C
the price of one currency in terms of another
D
the price of one good in terms of another
C
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