The Nominal Exchange Rate Is

question 33

Multiple Choice

The nominal exchange rate is

• A) the value of the U.S. dollar expressed in units of foreign currency per U.S. dollar.
• B) the real exchange rate multiplied by the ratio of the U.S. price level to the foreign price level.
• C) the relative price of U.S. produced goods to foreign produced goods.
• D) a measure of the quantity of the nominal GDP of other countries that we get per unit of U.S. nominal GDP.

---

Definitions:

Notes Receivable Dishonored

A note that was not paid by the maker at its due date, considered a defaulted payment.

Protest Fee

A fee charged for formally declaring a party's disagreement or refusal to accept a financial obligation or document, often relating to banking instruments like checks.

Pledging Accounts Receivable

The use of accounts receivable as collateral for a loan.

With Recourse

A term indicating that the seller of the receivable is liable if the debtor fails to pay the owed amount.