Exchange rate
Revision as of 09:54, 28 October 2019 by Gary (talk | contribs) (Created page with "Exchange rate is a rate that specifies the number of units of a given currency that can be purchased for one unit of another currency. ==Definitions== According to Fin...")
Exchange rate is a rate that specifies the number of units of a given currency that can be purchased for one unit of another currency.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Exchange rate. Specifies the number of units of a given currency that can be purchased for one unit of another currency.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
