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When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ________ rate is the rate at which the currency of one area or country can be exchanged for the currency of another’s.

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sandlee09

Answer:

exchange

Explanation:

Based on the information provided within the question it can be said that the term that is being described in this scenario is called an exchange rate. This is a term that applies to anything that has a monetary value and can be transferred. For example as of the time of writing this the Argentinian Peso is worth 75 pesos for every 1 U.S. Dollar. Meaning ARS and USD can be exchanged back and forth at around that price.

Answer: Exchange rate

Explanation: Exchange rate is the value a nations currency versus another nation. For example how many Euro it takes to buy the US dollars. Brett and his wife,planning a trip from America to Europe. The couple have US dollars which they need to change to Euro,so that they can use it in Europe. This currency rate can be affected by the economy,meaning the exchange rate may rise or fall at any given time,dollar will buy more goods and sometimes it will buy less, based on changing economic conditions.

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