For Most Currencies,the Nominal Bilateral Exchange Rate Is Defined as

Multiple Choice

For most currencies,the nominal bilateral exchange rate is defined as

A) the amount of domestic currency needed to buy one dollar
B) the amount of domestic currency needed to buy 1 unit of foreign currency
C) the amount of foreign currency for which 1 unit of domestic currency can be sold
D) the domestic currency price of the pound sterling
E) the quantity of gold that can be purchased for one unit of domestic currency