The nominal exchange rate is
A)a measure of the quantity of the nominal GDP of other countries that we get per unit of Australia's nominal GDP.
B)the real exchange rate multiplied by the ratio of the Australian price level to the foreign price level.
C)the relative price of Australian- produced goods to foreign- produced goods.
D)the value of the Australian dollar expressed in units of foreign currency per Australian dollar.

Question

Quizplus · Accepted Answer

The nominal exchange rate is the value of one currency in terms of another currency, so it is expressed as the amount of foreign currency per unit of the domestic currency, in this case, the Australian dollar.

The Nominal Exchange Rate Is