[Solved] Exchange rate is the __________________

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Q.	Exchange rate is the __________________
A.	Opportunity cost at which goods are produced domestically
B.	Balance of trade ratio of one country to another
C.	Price of one country’s currency expressed in terms of another country’s currency
D.	Amount if currency that can be purchased with 1ounce of gold
Answer» C. Price of one country’s currency expressed in terms of another country’s currency

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