Question

when ted giovanni was preparing for his trip to brazil, he found that he could go to his bank and trade his 10 u.s. dollars for 37.11 brazilian real (the nations currency). in this instance, the ____ was one u.s. dollar to 3.711 brazilian real. exchange rate balance of payments foreign trade rate international trade rate balance of trade rate

Explanation:

The exchange rate is the value of one currency in terms of another. Here, the rate at which U.S. dollars can be traded for Brazilian real is given, which is an exchange - rate concept. The balance of payments is about a country's economic transactions with the rest of the world. Foreign trade rate and international trade rate are not standard terms for currency - to - currency conversion. The balance of trade rate is related to the difference between exports and imports.

Answer:

A. exchange rate