Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

What is currency exchange?
O A. The assessment of the value of raw materials that have been
converted into manufactured items
O B. The conversion of money from one system to another system
O C. The printing of money that is easy to carry
O D. The purchase of stock in public corporations

Sagot :

Samawati

Answer:

O B. The conversion of money from one system to another system

Explanation:

Currency exchange is converting the currency of a country into the currency of another country. It is the conversion of the country's A currency to the country's B currency. The rate of converting the currency of one country to another is the exchange rate.

Currency exchange takes place in the foreign currency exchange market.  Demand and supply factors determine the exchange rate between currencies of two countries.

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.