_____ is the price of one country's currency in terms of another country's currency, with the price levels of both countries taken into account.

Question

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The real exchange rate is the price of one country's currency in terms of another country's currency, with the price levels of both countries taken into account. The nominal exchange rate only refers to the value of one currency in terms of another currency without adjusting for the price levels. Purchasing power parity refers to the notion that, in the long run, exchange rates between two countries should eventually equalize such that goods in both countries cost the same when converted to a common currency. The fixed exchange rate refers to a system in which a country sets its exchange rate at a fixed value relative to another currency or gold.

_____ Is the Price of One Country's Currency in Terms