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25 June, 17:25

The nominal exchange rate

a) is the difference between the interest rate in one country and the interest rate in another country.

b) the rate at which a bond may be exchanged for currency.

c) the rate at which a stock may be exchanged for currency.

d) the price of one country's currency in terms of another's.

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  1. 25 June, 17:45
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    Answer: D: the price of one country's currency in terms of another's.

    Explanation: the number of units of a local currency required to exchange for another number of units of a foreign currency is called the nominal exchange rate.

    For example, if £1 = $1.5, it means that one pound is required to exchange for two American dollar.
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Home » Business » The nominal exchange rate a) is the difference between the interest rate in one country and the interest rate in another country. b) the rate at which a bond may be exchanged for currency. c) the rate at which a stock may be exchanged for currency.
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