Price of one currency in relation to other countries in the international exchange market is known as:

flexible exchange rate

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exchange rate

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fixed exchange rate

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equilibrium rate

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Solution

The correct option is B
exchange rate

Exchange rate refers to the price of foreign currency in terms of the domestic currency.

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Similar questions

(a) What causes disequilibrium in BOP?

(b) Why is flexible exchange rate better than fixed exchange rate system?

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