_____ of a currency is an adjustment in the exchange rate that makes a country's currency less valuable relative to another country's currency.

Question

Quizplus · Accepted Answer

Depreciation of a currency refers to a decrease in its value compared to another currency, making it less valuable in the foreign exchange market. This can happen due to various economic factors such as inflation, changes in interest rates, or trade balances.

_____ of a Currency Is an Adjustment in the Exchange