Home › Bihar Board Class 12 (Arts) › Economics › Open Economy Macroeconomics › The price of one currency in terms of another is…
The price of one currency in terms of another is called the
ABank rate
BExchange rate
CTariff rate
DInterest rate
Answer & Solution
Correct answer: B. Exchange rate
That price is what is called the exchange rate or forex rate.
Related questions
Which of these is part of the current account as per the BoP definition?If outflows exceed inflows, all else equal, a currency is likely to come under pressure toAfter Bretton Woods, the principal de facto reserve currency has been theA stronger currency tends to make a nation's exportsWho developed the theory of comparative advantage?Which 1997 event led emerging economies to rethink reliance on free markets?A BoP crisis occurs when a nation cannot pay forThe Bretton Woods system came to an end between which years?