A soft or weak currency is one that is anticipated to devaluate or depreciate relative to major trading currencies.

Question

Quizplus · Accepted Answer

A soft or weak currency is indeed one that is expected to devalue or depreciate when compared to major trading currencies. This can happen due to various economic factors such as inflation, decreased demand for exports, high levels of debt, and political instability. When a currency is considered weak, it can lead to disadvantages for the country's economy, such as higher prices for imports and reduced purchasing power for its citizens.

A Soft or Weak Currency Is One That Is Anticipated