price of one country's currency expressed in terms of another country's currency is referred to as the
A) balance of price.
B) currency exchange rate.
C) money conversion factor.
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 referred to as the currency exchange rate. This is commonly used in international trade and finance transactions.

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