QUESTION IMAGE
Question
what are exchange rates?
a the cost of international shipping
b the amount of exports per person
c the interest rate on loans
d the value of one nations currency compared to anothers
Brief Explanations
Exchange rates are defined as the value of one nation's currency compared to another's. For example, if 1 US dollar equals 0.85 euros, the exchange rate is 0.85. This helps in international trade and finance to determine how much one currency can buy of another.
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D. The value of one nation's currency compared to another's