Ask Question
29 January, 00:41

What is an exchange rate used for

+1
Answers (1)
  1. 29 January, 02:25
    0
    In an indirect quotation, the domestic currency is the base currency and the foreign currency is the counter currency. Most exchange rates use the US dollar as the base currency and other currencies as the counter currency.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is an exchange rate used for ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers