The nominal exchange rate is: I. the evaluation and ranking of different global stock exchanges.
II) the price of a country's money in terms of another country's money.

Question

Quizplus · Accepted Answer

The nominal exchange rate refers to the price of one country's currency in terms of another country's currency, making statement II correct. Statement I is not related to the definition of nominal exchange rate, so it is incorrect. Therefore, the best choice is B.

The Nominal Exchange Rate Is: I