The ________ is the price of a nation's currency in terms of another currency.

Question

Quizplus · Accepted Answer

The foreign exchange rate is the price of one nation's currency in terms of another nation's currency. It is the rate at which one currency can be exchanged for another currency. A change in the foreign exchange rate affects many aspects of international trade and investment, including the cost of goods and services. Options A, B, C, and D are not correct as they do not relate to the price of a nation's currency in terms of another currency.

The ________ Is the Price of a Nation's Currency in Terms