A currency exchange rate refers to
A. the unit of wealth (gold, oil, diamonds, etc.) upon which a nation bases its national currency.
B. the unit equivalency of all international currency.
C. the price of one country's currency expressed in terms of another country's currency.
D. the ratio of a nation's basic unit of currency relative to the price of gold.
E. the ratio of a nation's basic unit of currency relative to the price of silver.
Answer: C
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