A depreciation of the dollar refers to:
A) A fall in the dollar price of foreign currency
B) An increase in the dollar price of foreign currency
C) A loss of foreign-exchange reserves for the U.S.
D) An intervention in the international money market

Question

Quizplus · Accepted Answer

A depreciation of the dollar means that it takes more dollars to buy the same amount of foreign currency, indicating an increase in the dollar price of foreign currency.

A Depreciation of the Dollar Refers To