Practice mode Macroeconomic Issues and Analysis

What is the price of one country’s currency expressed in terms of another’s called?

Correct answer B. Exchange rate

Explanation

An exchange rate states how much of one currency is needed to buy a unit of another, for example how many dollars one pound buys. The terms of trade compare export and import prices instead.

Report a problem

Answer checked 11 October 2026 How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

What is the price of one country’s currency expressed in terms of another’s called?

Discussion

Have a question about this answer? Cancel reply

What is the price of one country’s currency expressed in terms of another’s called?

More Macroeconomic Issues and Analysis questions

If a country’s interest rates are low compared with those in other countries, what will tend to happen to the exchange value of its currency?

If Pakistan earns more export revenue than expected, what will tend to happen to the exchange value of its currency?

If currency dealers expect the pound to lose value, what will tend to happen to its exchange value?

If the US economy is expected to leave recession because military spending has increased, what will tend to happen to the exchange value of the UK pound?

Discussion

Have a question about this answer? Cancel reply