CIPS Exam A6 Topic 2 Question 59 Discussion

Actual exam question for CIPS's A6 exam

Question #: 59
Topic #: 2

[All A6 Questions]

Which of the following best defines the term 'Exchange rate'?(2 marks)

AThe amount of business transacted between one country and another during a year

BThe speed with which a company receives payment for goods or services sold

CThe extent of barter transactions in a particular country

DThe value of one country Oscurrency measured against that of another.

Show Suggested Answer

Suggested Answer: D

by Pamella at Aug 23, 2024, 11:46 AM

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Dorian

2 months ago

D is the way to go. Exchange rates are all about the buying power of one currency compared to another. Simple as that.

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Rosalyn

1 months ago

User 4: D makes sense, it's all about the value of one country's currency compared to another.

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Linn

1 months ago

User 3: Definitely, it's important to know how much one currency is worth in relation to another.

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Dyan

1 months ago

I agree, exchange rates are all about comparing the value of different currencies.

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Ethan

1 months ago

I think D is the correct answer.

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Lezlie

3 months ago

I'm going with D. The other options just don't make any sense in the context of exchange rates.

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Staci

2 months ago

Yeah, D is definitely the right choice. It's all about the exchange rate between different currencies.

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Krissy

2 months ago

I agree, D is the correct answer. It's about the value of one country's currency compared to another.

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Kirk

2 months ago

I'm going with D. The other options just don't make any sense in the context of exchange rates.

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Adelina

3 months ago

Haha, A and C are totally irrelevant to exchange rates. Those seem like they were just thrown in there to confuse us.

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Pamela

1 months ago

Yes, let's go with D) as the best definition of exchange rate.

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Justine

2 months ago

So, we both think it's D) right?

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Osvaldo

2 months ago

I agree, A and C are definitely not related to exchange rates.

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Genevieve

2 months ago

I think the answer is D) The value of one country's currency measured against that of another.

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Teresita

3 months ago

I was thinking B might be the right one, since the speed of payment is also related to exchange rates. But I guess D is more accurate.

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Nickolas

2 months ago

I agree, D is the best definition for exchange rate.

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Maurine

2 months ago

I think D is the correct answer. It's about the value of one currency compared to another.

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Rory

3 months ago

Actually, the correct answer is D because exchange rate is the value of one country's currency in relation to another.

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Glory

3 months ago

I'm not sure, but I think it's A.

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Celestine

3 months ago

I agree with Jolene, the exchange rate is the value of one country's currency compared to another.

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Jolene

4 months ago

I think the answer is D.

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Linsey

4 months ago

D definitely seems like the correct answer here. The exchange rate is all about the relative value of different currencies.

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Anglea

2 months ago

I'm going with D too. It's definitely about the value of different currencies.

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Terrilyn

2 months ago

Actually, I believe it's D as well. It's about the value of one currency compared to another.

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Bulah

3 months ago

I think it's A, the amount of business transacted between countries.

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Audry

3 months ago

I agree, D is the correct answer. It's all about comparing the value of different currencies.

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