A decrease in the market clearing exchange value of the home nation's currency in terms of the currency of another nation is a home currency
A) appreciation.
B) revaluation.
C) depreciation.
D) devaluation.

Question

Quizplus · Accepted Answer

A decrease in the market clearing exchange value of the home nation's currency in terms of the currency of another nation is referred to as a currency depreciation. This means that the home country's currency is worth less in relation to the other country's currency, making imports relatively more expensive and exports relatively cheaper.

A Decrease in the Market Clearing Exchange Value of the Home