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Exchange rates for one currency against another currency, is known as

  1. A
    Real exchange rate
  2. B
    Nominal exchange rate
  3. C
    Superfluous exchange rate
  4. D
    None of the above

Solution & Step-by-step Explanation

The nominal exchange rate is the price of one currency in terms of another currency, unadjusted for differences in purchasing power or inflation levels between the two nations.

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Exchange rates for one currency against another currency, is known as
A
Real exchange rate
B
Nominal exchange rate
C
Superfluous exchange rate
D
None of the above

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International TradeForeign ExchangeMacroeconomics

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