Foreign exchange rates refer to the

A) price at which purchases and sales of foreign goods take place.
B) rate of exchange of goods and services between two trading nations.
C) price of one nation's currency in terms of another nation's currency.
D) difference between exports and imports of a particular nation with another.

Foreign Exchange Rates

The price of one currency in terms of another, determining how much of one currency can be exchanged for another in the foreign exchange market.

Nation'S Currency

The legal tender issued by a country's central bank or government, serving as the medium of exchange within the country.

Exports And Imports

Goods and services sold to other countries (exports) and goods and services purchased from other countries (imports).