Difference between revisions of "Exchange rate"

From CNM Wiki
Jump to: navigation, search
 
Line 9: Line 9:
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
:[[Exchange rate]]. The rate at which one currency exchanges for another.
 
:[[Exchange rate]]. The rate at which one currency exchanges for another.
 +
According to [[Macroeconomics by Mankiw (7th edition)]],
 +
:[[Exchange rate]]. The rate at which a country makes exchanges in world markets. (Cf. nominal exchange rate, real exchange rate.)
  
 
==Related concepts==
 
==Related concepts==

Latest revision as of 14:55, 2 July 2020

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.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Exchange rate. The number of units of a given currency that can be purchased for one unit of another currency.

According to Principles of Economics by Timothy Taylor (3rd edition),

Exchange rate. The rate at which one currency exchanges for another.

According to Macroeconomics by Mankiw (7th edition),

Exchange rate. The rate at which a country makes exchanges in world markets. (Cf. nominal exchange rate, real exchange rate.)

Related concepts

Related lectures