ENTREPRENEURIAL OPPORTUNITIES
COMPETITIVE ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The ____ is the value of one currency unit in relation to another.
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tarrif
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foreign exchange rate
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quota
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cost per unit
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Explanation:
Detailed explanation-1: -The exchange rate is also regarded as the value of one country’s currency in relation to another currency.
Detailed explanation-2: -An exchange rate system, also called a currency system, establishes the way in which the exchange rate is determined, i.e., the value of the domestic currency with respect to other currencies.
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