foreign exchange

when people exchange their money for another currency

• foreign currency

• exchange rate

• foreign exchange

• money exchange

exchange rate is...

• the price of one currency expressed to another

• the change in the value of one currency

• the price at which an exchange bureau will buy traveller's cheque's and notes, and cell currencies

America's currency

• USAD

• USD

• EUR

• AUD

which currency symbol is $

• dollar

• British pound

• yen

• Euro

Which one is NOT the symbol of a currency?

• _$

• £

• ¥

• Ý

direct exchange rate is how much one unit of foreign currency will give you in Rands.

• true

• false

FOREX RATE is

• Domestic currency

• Value of domestic currency in terms of foreign currency

• foreign currency

Under which system Demand and supply for FOREX determines the exchange rate

• Flexible exchange rate

• Fixed exchange rate

• Both

Managed floating system is

• flexible system of exchange rate

• mixture of fixed exchange rate and fixed exchange rate

• A system managed by a foreign country

Depreciation is

• Fall in the value of domestic currency in terms of foreign currency

• Rise in the value of domestic currency in terms of foreign currency

• none