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A unit rate is a ratio that compares two different quantities, where one of the quantities is expressed as a single unit. For example, if a car travels 300 miles on 10 gallons of gas, the unit rate would be 30 miles per gallon (300 miles ÷ 10 gallons). This rate allows for easy comparison and understanding of efficiency or cost. In the context of exchange, it typically refers to the amount of one currency that can be exchanged for a single unit of another currency.
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What statement describes the foreign exchange rate?
The foreign exchange rate is also known as the exchange rate. This is defined as the difference between two currencies.
Which term best describes the rate at which a country's currencies convert to other currencies?
exchange rate
Explain the difference between indirect and direct exchange rates?
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
What is the unit of currency and its exchange rate per US dollar in France?
In France the Euro is used. Its exchange rate per 1 US dollar is 0.68 Euros
What is REER in exchange rate?
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
What statement describes the foreign exchange rate?
The foreign exchange rate is also known as the exchange rate. This is defined as the difference between two currencies.
What is a unit rate mean?
a unit rate describes how many units of the first type of quantity
What unit describes the refresh rate of TVs?
Hertz symbolized as Hz, describes the refresh rate of TVs.
A unit of measurement that describes the rate that electricity flows through a wire is a?
Ampere (A) is the unit of measurement that describes the rate that electricity flows through a wire.
Which term best describes the rate at which a country's currencies convert to other currencies?
exchange rate
What is the unit of currencey d its exchange rate in Tahiti?
take out the "d"
What Is the unit of measurement that describes the rate that flows through a wire?
Current.
A floating exchange rate describes an exchange rate that?
A floating exchange rate describes an exchange rate that is determined by the market forces of supply and demand without direct government or central bank intervention. In this system, currency values fluctuate freely based on economic conditions, interest rates, inflation, and other factors. This allows for greater flexibility in responding to economic changes but can lead to increased volatility in currency values.
Explain the difference between indirect and direct exchange rates?
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
What is the unit of currency and its exchange rate per US dollar in France?
In France the Euro is used. Its exchange rate per 1 US dollar is 0.68 Euros
How many US dollars could you get for Spain's unit of money?
The amount of Euros you can receive in exchange for dollars depends on the the rate of exchange at the time you make the exchange. For an up to the minute rate of exchange see: http://www.xe.com/ucc/.
How to calculate the exchange rate between two currencies?
To calculate the exchange rate between two currencies, you can use the formula: Exchange Rate Value of One Currency / Value of Another Currency. This will give you the amount of one currency needed to buy one unit of the other currency.
