In the foreign exchange market for the Mexican peso, which of the following would best describe the exchange rate for the peso?
Choose 1 answer:
(A) The interest given up by holding pesos
(B) The price of a peso in terms of some other currency
(C) The interest rate earned from saving pesos
(D) The price of a good in Mexico in terms of another goods in Mexico
(E) The price of a peso in terms of pesos
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