_____ refers to the money of one country denominated in the currency of another country or a group of countries.
A)Forward rate
B)Foreign exchange
C)Stock exchange
D)Equity swap
E)Loan

Question

Quizplus · Accepted Answer

Foreign exchange refers to the money of one country denominated in the currency of another country or a group of countries. It involves the trading of currencies, enabling international trade and investments by allowing currency conversion.

_____ Refers to the Money of One Country Denominated in the Currency