The price of one country's currency expressed in terms of another country's currency is referred to as
A)balance of price.
B)currency exchange rate.
C)reciprocity price.
D)balance of payments.
E)equity exchange factor.

Question

Quizplus · Accepted Answer

The price of one country's currency expressed in terms of another country's currency is known as a currency exchange rate. It represents the value of one currency in relation to another currency and is constantly changing based on factors such as supply and demand, economic conditions, and political events.

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