A decrease in the value of a currency in terms of other currencies is known as
A) an appreciation.
B) a depreciation.
C) a par value.
D) a gold point.

Question

Quizplus · Accepted Answer

A decrease in the value of a currency in terms of other currencies is referred to as a depreciation. This means the currency has lost value compared to others, making it cheaper to buy foreign currencies and more expensive to buy goods and services from abroad.

A Decrease in the Value of a Currency in Terms