The rate at which the currency of one country can be exchanged for the currency of another country is called the _____ rate.

Fill in the blank(s) with the appropriate word(s).

Answer: exchange

Business

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Brand ________ refers to how highly consumers regard and respect the brand

A) esteem B) conformance C) differentiation D) relevance E) knowledge

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The function of a letter of credit is to substitute the credit of a recognized international bank for

that of the buyer. Indicate whether the statement is true or false

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