An exchange rate is the price of one nation's currency in terms of another nation's currency. Like other prices, exchange rates are determined by the forces of supply and demand. Foreign exchange markets allocate international currencies.
Standard detail
5.
Benchmark
Depth 1Parent ID: 9BEE61C13799430F924731117146D627Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 5.
- List ID
- 5.
- Standard ID
- B75879B289264D75AAC37A9F39A38007
- ASN identifier
- S2604731
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 9BEE61C13799430F924731117146D627
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US