The Nominal Exchange Rate

question 95

Multiple Choice

The nominal exchange rate:

• A) is the price of a good in one country expressed in units of the same good in another country.
• B) is fixed by the central banks of countries.
• C) is the price of one country's currency stated in units of another country's currency.
• D) is adjusted once a year and is the price at which goods are traded.

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Definitions:

Primary Producers

Organisms, typically plants, algae, and certain bacteria, that produce organic compounds from carbon dioxide and water using sunlight energy through photosynthesis, forming the base of the food chain.

Autotrophs

Organisms that can produce their own food from inorganic substances using light (photosynthesis) or chemical energy (chemosynthesis).

Heterotrophs

Organisms that cannot synthesize their own food and rely on other organisms — either plants or animals — for nutrition.

Nutrient

Substances obtained from food necessary for growth, metabolism, and for other body functions.