Personal Finance

Term of the Day – rate of exchange

Rate at which one currency may be converted into another. Generally, one unit of the home currency is expressed in terms of another currency. For example, an American bank may quote the exchange rate between the dollar and the Yen as the number of dollars needed to buy one yen. also called exchange rate or foreign exchange rate or currency exchange rate.

Also, I would like you to try the virtual stock exhange game which can be found at:

vse.marketwatch.com/

 

I can help guide you through the setup and registration process. The idea is to get you used to trading and researching different stocks.

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