4
lesson pretestMultiple Choice

Pretest

Question 4 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Each currency has a changing value relative to other currencies. This is referred to as a currency's _______.

Answer
A
currency value
B
exchange rate
C
exchange value
D
currency rate

Explanation

A currency’s exchange rate is the value of one currency when compared with another currency. Because this relative value can change over time, the term that completes the sentence is “exchange rate.”

AI-written and checked against the verified answer.

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