Scenario: Color$-$Me$-$Green Inc.

Color$-$Me$-$Green Inc., a U$.$S$.-$based clothing merchant, has started doing business internationally. Having subsidiaries in several countries, the company must integrate financial information from all its subsidiaries with the U$.$S$.$ home office at the end of the year.

In an attempt to raise money in Country B$,$ Color$-$Me$-$Green was quoted an interest rate of $14$ percent by a local bank. This quoted rate is called the $\_\_\_\_\_\_\_\_$ rate.

artificial

nominal

cross

exchange