The rate tells you how much one unit of currency is worth when converted to another currency.
a.
exchange
b.
interest
c.
inflation
d.
compound

The answer is A: Exchange rate

The exchange rate tells you how much one unit of currency is worth when converted to another currency.

Explanation:

Exchange rate refers to the rate at which a country’s currency is exchange for another currency. It is the value of one nation’s or country’s currency in terms of another currency. It means the number of units an individual can use foreign currency to buy with one unit of their home currency.

A) Exchange

Explanation:

The exchange rate is the way to measure the value between two currencies. Through the exchange rate you will be able to know how much of one currency you can buy with the other.  For example, if you want to buy pound sterling, you think: How much dollar do I need to buy a pound sterling? For this answer, you look at the exchange rate. For example, if the exchange rate is $ 1: £ 1, that means that with 1 dollar you can buy  one pound sterling. If the exchange rate is 1: £  1.40, that means that with 1 dollar you buy £  1.40. If the exchange rate is $ 1: £  0.7, that means that with 1 dollar you buy seventy pound sterling cents.

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