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The foreign exchange rate of a country is

The foreign exchange rate of a country is
  • A.
    the interest rate fixed by the central bank
  • B.
    the price of one national currency in terms of another
  • C.
    the rate at which the central bank issues money
  • D.
    the rate of interest on government bonds
  • E.
    None of the above
Correct Answer: Option B
Explanation