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LiRa [457]
3 years ago
8

The nominal exchange rate is A. the difference between the interest rate in one country and the interest rate in another country

. B. the price of one country's currency in terms of another's.
Business
1 answer:
Veronika [31]3 years ago
5 0

Answer:

Option (B) is correct.

Explanation:

The nominal exchange rate refers to the rate at which there is a buying and selling of goods and services among the countries. It is the amount of home currency that are needed to purchase a unit of foreign currency.

For example: A resident of India would need 75 Indian rupees to purchase a dollar of United States. Therefore, the nominal exchange rate between the India and the United States is as follows:

1 US dollar = Rs. 75

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Hope this helps! These are just what come to mind in my opinion.

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