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How do you define the term: foreign exchange rate?

A. value of currency of an importing nation
B. value of one nation's currency in terms of another nation's currency
C. value of currency of an exporting nation
D. rate charged by the commission agent
E. inflationary rate of the nation's economy



Answer :

GinnyAnswer

Final answer:

A foreign exchange rate is the price of one currency in terms of another, impacting international trade and the cost of imported goods.


Explanation:

Foreign exchange rate is the price of one currency in terms of another, indicating how many units of one currency are needed to exchange for one unit of another currency. It reflects the value of a country's currency in relation to another nation's currency, determining the cost of imported goods and affecting international trade.


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