economics
Answer:
When the value of a country’s currency falls, the currency is
depreciating
, so one unit of that currency can buy
fewer
units of other currency.
Step-by-step explanation:
depreciation—a decrease in a currency’s value
When the value of a country’s currency falls, the currency is depreciating, so one unit of that currency can buy fewer units of other currency.
A depreciation of a country's currency makes its export goods cheaper for foreigners and domestic residents find that foreign imports are more expensive.
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