A. terms of trade
B. exchange rate
C. bank rate
D. terms of payment
Correct Answer: Option B
B. exchange rate
Explanation
An exchange rate is the value of a nation’s currency in terms of the currency of another nation or economic zone.
A. terms of trade
B. exchange rate
C. bank rate
D. terms of payment
Correct Answer: Option B
B. exchange rate
Explanation
An exchange rate is the value of a nation’s currency in terms of the currency of another nation or economic zone.
Copyright warnings! Do not copy.