If you are traveling in Thailand and you purchase a meal that costs 1,400 baht and the current exchange rate is 35 baht to the dollar, then the price of the meal in U.S. currency is

A) $400.
B) $40.
C) $4.
D) $0.40.

Exchange Rate

The price of one currency in terms of another, determining how much foreign currency can be exchanged for the domestic currency.

Baht

The currency of Thailand, symbolized as ฿ and used in financial transactions within the country.

U.S. Currency

The system of money in general use in the United States, including coins and paper notes issued by the government.