The _________ expresses the value of one nation's currency in terms of another nation's currency.
A)liquidity ratio
B)exchange rate
C)countertrade ratio
D)discount rate

Question

Quizplus · Accepted Answer

The exchange rate expresses the value of one nation's currency in terms of another nation's currency. The liquidity ratio measures a company's ability to meet short-term debts, the countertrade ratio is the proportion of goods and services a country is willing to trade for other goods and services, and the discount rate is the interest rate at which banks can borrow money from the central bank.

The _________ Expresses the Value of One Nation's Currency in Terms