Commerce WAEC

The value at which one country obtains another country’s currency is?

A. terms of trade
B. exchange rate
C. bank rate
D. terms of payment

Correct Answer: Option B

B. exchange rate

Explanation

An exchange rate is the value of a nation’s currency in terms of the currency of another nation or economic zone.

Sunday

Share
Published by
Sunday
Tags: Commerce

Recent Posts

POL 101 Theory Questions: Health Team

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

2 days ago

POL 101 Theory Questions: Factors Affecting Health in Nigeria

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

POL 101 Theory Questions: Primary Health Care Principles

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

POL 101 Theory Questions: Nigeria Healthcare Tiers

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

PHC 101 Theory Questions: Primary Health Care – Health According To WHO – Referral System

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago

MSX 102 Theory Questions: Mores – Folk Laws – Social Stratification – Social Changes

100 Level Department Of X-Ray Technicians exam questions and detailed answers. Download the answers in…

3 days ago