The term to describe one currency in terms of another is called
A)The interest rates
B)The market price
C)The inflation rate
D)The exchange rate

Question

The term to describe one currency in terms of another is called​
A)​The interest rates
B)The market price
C)The inflation rate
D)​The exchange rate

Quizplus · Accepted Answer

The term used to describe one currency in terms of another is the exchange rate. The exchange rate represents the amount of one currency that can be exchanged for another currency. For example, if the exchange rate of USD to EUR is 1:0.85, it means that one US dollar can be exchanged for 0.85 euros. The exchange rate is influenced by factors such as trade, political stability, and economic policies of the countries whose currencies are being exchanged.

The Term to Describe One Currency in Terms of Another