The Exchange Rate Is the

The exchange rate is the

A) Opportunity cost at which goods are produced domestically.
B) Balance-of-trade ratio of one country to another.
C) Price of one country's currency expressed in terms of another country's currency.
D) Amount of currency that can be purchased with one ounce of golD.The price of one currency in terms of another is the exchange rate; for example,$2 = £1 indicates that a British pound costs two dollars.