Skip to main contentSkip to solution

Exchange Rate is the price of a currency expressed in terms of.

Solution

Correct Option: 2

The exchange rate is the price of one country's currency expressed in terms of another country's currency (for example, 1 USD = 83 INR). It is not determined in terms of gold, income, or FDI flows directly.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question