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QUESTION IMAGE

what are exchange rates? a the cost of international shipping b the amo…

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

Explanation:

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.

Answer:

D. The value of one nation's currency compared to another's