Which of the following equations correctly represents the nominal exchange rate? October 5, 2022 by 8i9x6 Nominal exchange rate = Units of foreign currency/1 unit of domestic currency Nominal exchange rate = Units of foreign currency/100 units of domestic currency Nominal exchange rate = 1 unit of domestic currency/100 units of foreign currency Nominal exchange rate = 100 units of domestic currency/1 unit of foreign currency See Answer Nominal exchange rate = Units of foreign currency/1 unit of domestic currency