As exchange rates change, they

A) change the relative purchasing power between countries.
B) can affect imports and exports between countries.
C) will affect the flow of funds between countries.
D) All of the options are true.

Exchange Rates

The value of one currency for the purpose of conversion to another.

Purchasing Power

The buying power of a currency, measured by how many goods or services can be acquired with a single unit of that currency.

Imports And Exports

The act of bringing goods and services into one country from another (imports) and sending goods or services from one country to another (exports).