The price of one country's currency in terms of another country's currency is called the ________.

Question

Quizplus · Accepted Answer

The price of one country's currency in terms of another country's currency is referred to as the foreign exchange rate. This rate is determined by the market forces of supply and demand and is constantly fluctuating. Factors that can affect foreign exchange rates include geopolitical events, economic data releases, and central bank policies. The other options, interest rate, TSE index, and inflation rate, all have different meanings and are not directly related to currency exchange rates.

The Price of One Country's Currency in Terms of Another