Definitions
A rate is the price of one currency expressed in terms of another currency, also called the exchange rate.
In general finance, a rate can also mean an interest rate, which is the cost of borrowing money expressed as a percentage.
A rate is the price of one currency expressed in terms of another currency, also called the exchange rate.
In general finance, a rate can also mean an interest rate, which is the cost of borrowing money expressed as a percentage.
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