In everyday usage, the term ____ refers to the decline in market value of an asset.

Question

Quizplus · Accepted Answer

Depreciation refers to the declining market value of an asset due to wear and tear or other factors. Appreciation, on the other hand, refers to an increase in market value. Devaluation typically refers to a decrease in the value of a currency relative to other currencies, while inflation refers to a general increase in prices of goods and services in an economy over time.

In Everyday Usage, the Term ____ Refers to the Decline