BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Measures the price of one nation’s currency in terms of another nation’s currency
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interest rates
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exchange rates
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discount rates
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inflation rates
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Explanation:
Detailed explanation-1: -An exchange rate measures the price of one currency in terms of another. In turn, the terms of trade measure how many units of the foreign goods can one unit of the domestic good acquire.
Detailed explanation-2: -An exchange rate is a relative price of one currency expressed in terms of another currency (or group of currencies).
Detailed explanation-3: -A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first listed currency of a currency pair is called the base currency, and the second currency is called the quote currency.
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