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What is the purpose of an exchange rate?

to determine how many trade barriers are needed

to determine how much one currency is worth compared to another

to determine how much currency a government should print

to determine how many imports to allow into the country

Answer :

Poojaamex Poojaamex

Today at 11:01 PM

Answer:

to determine how much one currency is worth compared to another

Explanation:

It is used to calculate the worth of different currencies in respect to one another.

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