A in the price of the domestic currency in term... - JAMB Economics 2023 Question
A ............ in the price of the domestic currency in terms of a foreign currency is referred to as .............
A
Decrease, appreciation
B
Increase, de-appreciation
C
Decrease, depreciation
D
Increase, consolidation
correct option: c
In the context of exchange rates, depreciation refers to a decrease in the value of a domestic currency relative to a foreign currency. So, when the price of the domestic currency falls in terms of a foreign currency, it is referred to as depreciation.
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