Economics · Foreign Exchange
The term 'exchange rate' refers to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rate of domestic price inflation over time
- 2Price of one currency expressed in terms of another currency✓
- 3Interest rate charged by commercial banks to businesses
- 4Customs tariff rate levied on foreign trade goods
Correct answer
Price of one currency expressed in terms of another currency
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